Senior Unsecured Credit Facility and Senior Unsecured Notes Upgraded
DALLAS--(BUSINESS WIRE)--Sep. 27, 2018--
CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today
announced that S&P Global Ratings (“S&P”) has upgraded its issue-level
credit ratings for CyrusOne to investment grade. S&P upgraded its
ratings on CyrusOne’s senior unsecured credit facility and senior
unsecured notes to ‘BBB-’ from ‘BB+’.
“We are very pleased to have received an investment grade credit rating
from S&P, reflecting the growth and diversification of our business and
the strong fundamentals underlying the data center industry,” said Diane
Morefield, chief financial officer of CyrusOne. “Achieving investment
grade status has been a key strategic initiative for the company as
certainty of access to capital at attractive rates will be important to
support our continued growth and international expansion in the coming
Additionally, S&P upgraded CyrusOne’s issuer credit rating to ‘BB+’ from
‘BB’ with a stable outlook.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust
(REIT) specializing in highly reliable enterprise-class, carrier-neutral
data center properties. The Company provides mission-critical data
center facilities that protect and ensure the continued operation of IT
infrastructure for approximately 1,000 customers, including more than
200 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive
speed-to-market demands of hyperscale cloud providers, as well as the
expanding IT infrastructure requirements of the enterprise, CyrusOne
provides the flexibility, reliability, security, and connectivity that
foster business growth. CyrusOne offers a tailored, customer
service-focused platform and is committed to full transparency in
communication, management, and service delivery throughout its more than
45 data centers worldwide. Additional information about CyrusOne can be
found at www.CyrusOne.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180927005244/en/
Source: CyrusOne Inc.
Vice President, Capital Markets & Investor