CyrusOne: CyrusOne closes $1.175 billion ABS offering

CyrusOne has closed its $1.175 billion Series 2024-2 and 2024-3 funding round, classified as a Secured Green Collateral Bond, and is the largest ABS issuance since 2021. Series 2024-2 is expected to mature in five years, while Series 2024-3 is expected to mature in seven.

Eric Schwartz, CEO of CyrusOne, said: “The market’s response to our offering is a testament to CyrusOne’s exceptional track record and the recognition of the critical role we play in our customer’s expanding data and artificial intelligence needs. The significant interest from institutional investors provides us with an additional capital source to support our future growth in developing and operating data centers for hyperscale customers.”

Fran Federman, executive vice president & chief investment officer at CyrusOne, said: “The strong demand for our five-year and seven-year maturities demonstrates the market’s confidence in our growth trajectory within the data center and services sector. We are committed to leveraging the success of our offerings to increase our market share and enhance the solutions we provide to our customers.”