CyrusOne announced the closing of a $7.9 billion Warehouse Credit Facility. The executed transaction is incremental to the $1.8 billion Revolving Credit Facility financing completed in May, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders. The Warehouse Credit Facility will primarily fund existing and future development projects in the United States, while the global Revolving Credit Facility will be used for working capital and for general corporate purposes.

Both facilities are sustainability-linked and align with sustainability-linked loan principles. Accordingly, the pricing on the debt facilities will be adjusted based on its achieving target reductions in Greenhouse Gas Emissions. In the past year, CyrusOne has taken steps to further meet customer demand for AI while enhancing the company?s sustainability goals.

In 2023, CyrusOne launched Intelliscale, a AI workload-specific data center solution developed to address the rapidly growing needs of AI applications and services. CyrusOne also maintains a strong commitment to sustainability, and last year announced its plan to accelerate its net-zero carbon pledge by a decade to 2030. Morgan Stanley, TD Securities and KKR Capital Markets served as lead arrangers for the Warehouse Credit Facility, while Wells Fargo served as lead arranger for the Revolving Credit Facility.

Global Infrastructure Partners also worked closely with the company in connection with these transactions.