CyrusOne, a leading global data center operator, has obtained $9.7 billion in new debt funding. This includes a $7.9 billion Warehouse Credit Facility and a $1.8 billion Revolving Credit Facility. This funding will primarily support CyrusOne’s growth and the development of its data centres.
Eric Schwartz, CEO of CyrusOne, stated that this financial boost will help the company meet the increasing demands of their customers and invest in future projects. The Warehouse Credit Facility will principally fund U.S. projects, while the Revolving Credit Facility will be used for general corporate purposes worldwide.
Both funding deals are tied to sustainability goals, with costs adjusted based on how well CyrusOne reduces their greenhouse gas emissions. Additionally, CyrusOne is focused on supporting AI needs. In 2023, they launched Intelliscale, a specialised data center solution for AI workloads.
Key financial institutions like Morgan Stanley and Wells Fargo helped arrange these deals. CyrusOne has also committed to achieving net-zero carbon emissions by 2030, ten years ahead of their original plan.
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