CYRUSONE INC. (NASDAQ:CONE) Files An 8-K Entry into a Material Definitive Agreement

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CYRUSONE INC. (NASDAQ:CONE) Files An 8-K Entry into a Material Definitive Agreement

ITEM 1.01 Entry into a Material Definitive Agreement.

First Amendment to Second Amended and Restated Credit Agreement
and Other Loan Documents
On June 16, 2017, CyrusOne Inc., a Maryland corporation (the
Company), CyrusOne LP, a Maryland limited partnership (the
Operating Partnership), and certain of their subsidiaries entered
into a first amendment (the Amendment) to (i) the second amended
and restated credit agreement, dated November 21, 2016 (as
amended by the Amendment, the Credit Agreement), among the
Operating Partnership, as borrower, the lenders party thereto
(the Lenders), KeyBank National Association (KeyBank), as
administrative agent for the Lenders, JPMorgan Chase Bank, N.A.,
as syndication agent, and KeyBanc Capital Markets Inc., JPMorgan
Chase Bank, N.A. and TD Securities (USA) LLC, as joint lead
arrangers and joint bookrunners, and (ii) the second amended and
restated guaranty, dated November 21, 2016 (as amended by the
Amendment, the Guaranty), among the Company and certain of its
subsidiaries.
The Amendment, among other things, (i) increases the aggregate
principal amount of the unsecured term loan A due January 2022 by
$350,000,000 (which additional amount was funded on the closing
of the Amendment) and increases the total commitments under the
revolving credit facility by $100,000,000, resulting in total
revolving credit commitments of $1,100,000,000, (ii) refreshes
the amount available under the accordion feature of the Credit
Agreement to enable the Operating Partnership to increase the
total loan commitments under the Credit Agreement to up to
$2,300,000,000 from time to time, and (iii) modifies certain of
the other terms thereof, including to provide additional
flexibility to engage in joint venture transactions.
The above description is only a summary of certain provisions of
the Amendment and is qualified in its entirety by reference to
the provisions of the Amendment, a copy of which is attached
hereto as Exhibit 10.1 and is incorporated herein by reference.
ITEM 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The information included in Item 1.01 of this Current Report on
Form 8-K is incorporated by reference into this Item 2.03.
ITEM 7.01 Regulation FD Disclosure.
On June 19, 2017, the Company issued a press release announcing
the closing of the Amendment. A copy of the press release is
furnished herewith as Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
10.1
First Amendment to Second Amended and Restated Credit
Agreement and Other Loan Documents, dated as of June
16, 2017, among CyrusOne LP, CyrusOne Inc., CyrusOne
GP, CyrusOne LLC, CyrusOne TRS Inc., CyrusOne Foreign
Holdings LLC, CyrusOne Finance Corp., Cervalis Holdings
LLC, Cervalis LLC, CyrusOne-NJ LLC, CyrusOne-NC LLC,
the lenders party thereto, and KeyBank National
Association, as agent for the lenders from time to time
party to the Credit Agreement.
99.1
Press Release dated June 19, 2017



CyrusOne Inc. Exhibit
EX-10.1 2 exhibit101-firstamendment.htm EXHIBIT 10.1 Exhibit Exhibit 10.1FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT AND OTHER LOAN DOCUMENTSTHIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS (this “Amendment”),…
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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.

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