CYRUSONE INC. (NASDAQ:CONE) Files An 8-K Other Events

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CYRUSONE INC. (NASDAQ:CONE) Files An 8-K Other Events

ITEM 8.01 – OTHER EVENTS

On March 3, 2017, CyrusOne Inc., a Maryland corporation (the
Company), announced that its operating partnership, CyrusOne LP,
a Maryland limited partnership (the Operating Partnership) and
CyrusOne Finance Corp., a Maryland corporation and a wholly owned
subsidiary of the Operating Partnership (together with the
Operating Partnership, the Issuers), priced their previously
announced offering of $500 million aggregate principal amount of
5.000% senior notes due 2024 (the 2024 Notes) and $300 million
aggregate principal amount of 5.375% senior notes due 2027 (the
2027 Notes and, together with the 2024 Notes, the New Notes) in a
private offering. The 2024 Notes will mature on March 15, 2024
and the 2027 Notes will mature on March 15, 2027, in each case
unless earlier redeemed or repurchased. The New Notes will be
guaranteed by the Company, CyrusOne GP, a Maryland statutory
trust, and certain of the Operating Partnerships existing and
future subsidiaries.
The Issuers intend to use the net proceeds from the offering (i)
to finance their repurchase of any and all of their outstanding
6.375% Senior Notes due 2022 (the Existing Notes), of which
$474,808,000 in aggregate principal amount is currently
outstanding, by means of a separate, previously announced tender
offer commenced in connection with this offering (the Tender
Offer), including the payment of consent payments in connection
with soliciting consent to certain proposed amendments to the
indenture governing the Existing Notes (the Consent
Solicitation), (ii) for the redemption and discharge of any
Existing Notes that remain outstanding after the completion of
the Tender Offer and Consent Solicitation, (iii) for the payment
of related premiums, fees, discounts and expenses, and (iv) for
the repayment of borrowings outstanding under the Operating
Partnerships revolving credit facility.
The New Notes and the related guarantees have been offered in the
United States only to persons reasonably believed to be qualified
institutional buyers in reliance on Rule 144A under the
Securities Act of 1933, as amended (the Securities Act), and
outside the United States only to non-U.S. investors to
Regulation S under the Securities Act. The New Notes and the
related guarantees will not be registered under the Securities
Act or any state securities laws and may not be offered or sold
in the United States absent an effective registration statement
or an applicable exemption from registration requirements or a
transaction not subject to the registration requirements of the
Securities Act or any state securities laws. This report does not
constitute notice of redemption under the optional redemption
provisions of the indenture governing the Existing Notes nor an
offer to sell, or the solicitation of an offer to buy, any
securities, nor shall there be any sale of securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
A copy of the press release announcing the foregoing is attached
hereto as Exhibit 99.1.
ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No.
Description
99.1
Press Release Announcing Pricing of Private Offering of
Senior Notes


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 +0.55 at 50.19 with 1,724,983 shares trading hands.