Cyxtera Minneapolis MP2 News

US data center firms Cyxtera and Evoque are rebranding under the new Centersquare moniker. Cyxtera was acquired by Brookfield last year and is being combined with the investment firm’s other data center company, Evoque.Mullee said: “The birth of Centersquare is more than a name change. It’s a...

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...

Data center company Cyxtera is being seriously considered for acquisition by at least six parties. This month, struggling Cyxtera filed for Chapter 11 bankruptcy due to continuous losses and impending debt maturities. The organization is seeking a buyer or new investor. The company has contact...

The US colocation provider Cyxtera has declared bankruptcy. Cyxtera began a pre-arranged court-supervised procedure under Chapter 11 of the United States Bankruptcy Code following the Restructuring Support Agreement (RSA) originally made with certain lenders. Cyxtera stated that it intends to ...

A shaky US colocation provider has settled its debts with creditors. The business must find a buyer or investor to continue funding or go bankrupt and cede control to its owners. The company obtained $50 million in new funding from lenders holding over two-thirds of its existing term loan to s...

To assist clients with infrastructure deployment more swiftly, Cyxtera and Dell Technologies have collaborated. Dell's infrastructure will be delivered by Cyxtera, a supplier of data center colocation and interconnection services, and its colocation and network technologies. The companies w...

Cyxtera has announced that it will be pushing its intention to become a real estate investment trust (REIT) back to a later date. Earlier in September, the colocation firm announced its plan to adopt a REIT status for tax purposes. The initial plan was to complete the conversion by 1st Janu...

Cyxtera has announced that it is adopting a real estate investment trust (REIT) status. This move provides better tax status while making steady and consistent dividends available for its shareholders. However, the company needs to make most of its revenue from income-producing real estate. Th...

American Realty Advisors has completed the acquisition of two data centers in Loudoun County currently occupied by Cyxtera. An affiliate of American Realty Advisors known as ACPF Nova Data Center LLC paid $51 million to acquire a 12-acre site that holds two single-story data centers. One of...

According to Bloomberg, Cyxtera Technologies is mulling over a sale just a year after it went public. The report shows that the company is looking into different strategic options, which also include a potential sale. Cyxtera is also working with advisers to consider the best choice for the...

Cyxtera is joining the industry-wide push for a carbon-neutral future with the announcement of its selection of NextEra Energy Resources to supply its renewable energy. As part of this partnership, NextEra will also “advise, support, and accelerate” Cyxtera’s efforts to increase its use of re...

Cyxtera has announced that it is expanding its data center data footprint in Silicon Valley and Chicago. This includes the leasing of a 9MW data center based in Santa Clara, which offers 121,000 sq ft across four floors. In addition to this, the company is also adding around 1.6 MW of capacity...

Cyxtera Technologies has announced it has agreed to a $3.4 billion acquisition by Starboard Value Acquisition Corp (SVAC). SVAC is a SPAC, which stands for "special-purpose acquisition company." SPACs have become popular vehicles to raise public money and then acquire real operating businesses...

Cyxtera Technologies has announced that founder and CEO Manuel D. Medina has been elevated to the position of Executive Chairman for both Cyxtera and its recently announced AppGate spin-out. Current Cyxtera President and Chief Operating Officer Nelson Fonseca has been promoted to the role of C...