CyrusOne Secures US$7.9bn Warehouse Credit Facility for AI Expansion
CyrusOne, a leading global data centre developer and operator, has announced the closing of a US$7.9bn Warehouse Credit Facility, in addition to the US$1.8bn Revolving Credit Facility financing completed in May. This brings the total debt capital raised to US$9.7bn, with support from lenders.
The Warehouse Credit Facility will fund existing development projects across the US and support future goals, while the Revolving Credit Facility will be used for working capital and general corporate purposes. Both facilities are sustainability-driven and aligned with sustainability-linked loan principles, with pricing adjusted based on CyrusOne’s achievement of target reductions in Greenhouse Gas Emissions.
CyrusOne has been focusing on meeting customer demand for AI and strengthening sustainability goals. In 2023, the company launched Intelliscale, an AI workload-specific data centre solution. Eric Schwartz, CEO of CyrusOne, expressed gratitude to financial partners for their support, emphasizing the company’s commitment to delivering digital infrastructure projects that meet customer needs and position CyrusOne for future growth.
Fran Federman, Chief Investment Officer at CyrusOne, highlighted the completion of the credit facilities as providing attractively priced capital and enhanced liquidity, demonstrating market confidence in the company’s momentum and growth potential.
In an exclusive interview with DataCentre Magazine, Matt Pullen, Executive Vice President and Managing Director for Europe at CyrusOne, discussed the company’s sustainability efforts and participation in the Climate Neutral Data Center Pact. CyrusOne is actively working towards climate-neutral goals and releases annual reports to track progress in key sustainability categories.
CyrusOne’s dedication to sustainability and innovation in the data centre industry continues to drive its success and position as a leader in digital infrastructure solutions.