On February 4, 2017, CyrusOne Inc., a Maryland corporation (the “Company”), through its operating partnership, CyrusOne LP, a Maryland limited partnership (the “Operating Partnership”), entered into a Transaction Agreement (the “Transaction Agreement”) by and among the Operating Partnership, Sentinel Properties – Durham, LLC, a Delaware limited liability company (the “NC Seller”), Russo-Somerset, LLC, a New Jersey limited liability company (“RS”), Sentinel Properties – Franklin, LLC, a Delaware limited liability company (“SPF” and, together with RS, the “NJ Sellers” and, together with the NC Seller, the “Sellers”), Sentinel NC-1, LLC, a Delaware limited liability company (“SNC”) and 800 Cottontail, LLC, a Delaware limited liability company (“800 Cottontail” and, together with SNC, the “Targets”). The Transaction Agreement provides for the acquisition of the Targets by the Operating Partnership.The Targets consist of two data center facilities serving the New York metropolitan and southeast regional areas, respectively. Upon completion of the Transaction, each of the Targets will be an indirect, wholly-owned subsidiary of the Company.

The Company will pay aggregate cash consideration of approximately $490 million in the Transaction, excluding transaction related expenses, subject to customary closing adjustments.

The Transaction Agreement contains customary representations and warranties as well as covenants by each of the parties, and customary indemnification provisions whereby the Sellers and the Buyer indemnify the other party for certain matters.

The Transaction is expected to close in the first quarter, subject to the satisfaction of closing conditions, including among others the continuing accuracy of representations and warranties, compliance with covenants and agreements in the Transaction Agreement.

About CYRUSONE INC. (NASDAQ:CONE)

CyrusOne Inc. is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. The Company has data centers in the United States, London and Singapore. The Company provides mission-critical data center facilities that protect and ensure the continued operation of information technology (IT) infrastructure for approximately 930 customers in over 30 data centers and approximately two recovery centers in over 10 distinct markets, collectively providing approximately 2,954,000 net rentable square feet (NRSF). The Company provides round the clock security guard monitoring with customizable security features.

CYRUSONE INC. (NASDAQ:CONE) Recent Trading Information

CYRUSONE INC. (NASDAQ:CONE) closed its last trading session down -0.22 at 48.46 with 1,023,713 shares trading hands.