CYRUSONE INC. (NASDAQ:CONE) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 Entry into a Material Definitive Agreement.
(the Operating Partnership) entered into a second amended and
restated credit agreement (the Second Amended and Restated Credit
Agreement), which amended and restated in its entirety the first
amended and restated credit agreement governing its senior
unsecured revolving credit facility and senior unsecured term
loan facility, dated as of March 17, 2016 (the First Amended and
Restated 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. In connection with the Second Amended and Restated
Credit Agreement, CyrusOne Inc. (the Company) and certain of its
subsidiaries entered into a second amended and restated guaranty
(the Second Amended and Restated Guaranty), which amended and
restated in its entirety the first amended and restated guaranty,
dated as of March 17, 2016 (the First Amended and Restated
Guaranty).
things, (i) increases the available commitments under the senior
unsecured revolving credit facility (the Revolving Credit
Facility) to $1,000,000,000, (ii) extends the maturity date of
the Revolving Credit Facility to November 23, 2020, (iii) extends
the maturity date of the $300,000,000 unsecured term loan (the
Term Loan A Facility) to January 5, 2022, (iv) reduces the
interest rate margins applicable to the Revolving Credit
Facility, the Term Loan A Facility and the $250,000,000 unsecured
term loan (the Term Loan B Facility), (v) permits the Operating
Partnership to obtain up to $300,000,000 in additional revolving
or term loan commitments under an accordion feature, (vi)
provides that certain covenants will cease to have effect upon
the Operating Partnership obtaining an investment grade credit
rating and (vii) provides for certain additional flexibility
under the negative and financial covenants.
the Second Amended and Restated Credit Agreement and the Second
Amended and Restated Guaranty and is qualified in its entirety by
reference to the provisions of the Second Amended and Restated
Credit Agreement and exhibits thereto (including the form of the
Second Amended and Restated Guaranty), a copy of which is
attached hereto as Exhibit 10.1 and is incorporated herein by
reference.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Form 8-K is incorporated by reference into this Item 2.03.
announcing the closing of the Second Amended and Restated Credit
Agreement. A copy of the press release is furnished herewith as
Exhibit 99.1.
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Exhibit No.
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Description
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10.1
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Second Amended and Restated Credit Agreement, dated as
of November 21, 2016, among CyrusOne LP, the lenders party thereto, KeyBank National Association, as 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. |
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99.1
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Press Release dated November 21, 2016.
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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. CYRUSONE INC. (NASDAQ:CONE) Recent Trading Information
CYRUSONE INC. (NASDAQ:CONE) closed its last trading session up +1.48 at 42.41 with 1,052,985 shares trading hands.
