Cyxtera Slough LO5 News

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procedure under Chapter 11 of the United States Bankruptcy Code following the Restructuring Support Agreement (RSA) originally made with certain lenders.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 ...

After breaking ground on its new Slough-based campus in January, KKR-funded Global Technical Realty (GTR) has announced that it plans to launch the site before summer 2023. The $1 billion campus, GB One, comprises three independent facilities, each providing 5373 sqm of net technical space and...

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 will...

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 January...

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...

Segro has announced that it has applied to build a new data center park, near Slough, UK. Details outline that the park will span 65,000 sqm (700,000 sq ft) and be located within the Thorney Business Park in Iver. According to the planning statement, the proposed building (DC1) is also accompa...

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 th...

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 co...

According to multiple reports, Real estate firm AEW is close to selling a 1 million square feet (92,000 square meters) office park to an unidentified data center firm. AEW will be selling the Bath Road Central office campus for a fee of around £420 million ($579.5m). The real estate firm first...

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...