CyrusOne to repay revolver borrowings with two senior note offerings

By Sarah Lizee

Olympia, Wash., Nov. 1 – CyrusOne Inc.’s operating partnership, CyrusOne LP, plans to repay borrowings under its revolving credit facility using proceeds from two new issues, according to a press release.

On Wednesday, the company said the operating partnership and CyrusOne Finance Corp. intend to offer $100 million of 5% senior notes due 2024 and $300 million of 5 3/8% senior notes due 2027 in a private offering.

CyrusOne is a Dallas-based real estate investment trust specializing in data center properties.

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