The US Bankruptcy Court for the District of New Jersey this week approved the sale of substantially all of the Cyxtera assets to Brookfield Infrastructure Partners for $775 million. Both companies expect this deal to be finalized by the first quarter of 2024. Nelson Fonseca, Cyxtera CEO said, ...

Reportedly, Brookfield and Digital Realty are interested in acquiring the struggling Cyxtera. According to Bloomberg, several parties, including Brookfield Infrastructure Partners and Digital Realty Trust, are interested in purchasing the assets of the insolvent colocation company. The firms r...

Cyxtera has submitted a reorganization plan to the US Bankruptcy Court for the District of New Jersey. Lenders with over two-thirds of the company's outstanding first-lien debt support the proposal.The proposal would get rid of more than $950 million in pre-filing debt for Cyxtera. In either a...

Cyxtera plans to decline leases for two data centers held by Prime DC in Santa Clara, California. In June, Cyxtera filed for Chapter 11 bankruptcy due to continuing losses and upcoming debt maturities. The organization is seeking a buyer or new investor. According to DgtlInfra, Cyxtera intends...

Due to ongoing losses and impending debt maturities, struggling Cyxtera issued a Chapter 11 bankruptcy claim last month. The company is seeking a buyer or potential investor. As part of the procedure, the company turned down the lease at the Stack-owned facility on Touhy Avenue in the Elk Grov...