CyrusOne: CyrusOne secures $687.1m CMBS loan for data center development

CyrusOne  this week announced it secured a $687.1 million Single Asset Single Borrower (SASB) CMBS loan for CyrusOne’s DFW1 data center. This data center offers 90MW across 670,000 square feet of technical space and seven data halls and the site was upgraded to water-free chillers in 2020. 

 Eric Schwartz, CyrusOne CEO, said: “Today’s announcement is another example of our ability to access large amounts of capital and tap different markets through institutional demand. This transaction comes on the heels of our $1.175 billion ABS issuance and CyrusOne securing $9.7 billion in new debt capital to fund data center growth.” 

 Fran Federman, EVP & chief investment officer at CyrusOne, added: “This is CyrusOne’s entrance to the CMBS market, diversifying our debt investor base with strong support from institutional investors. We are grateful to our fixed-income investors for their continued support. Through this transaction, we have entered into a new market that will allow us to expand the scope of our permanent financing solutions.”