CyrusOne Inc. (NASDAQ:CONE) ("CyrusOne") has closed a public offering of
6,900,000 shares of its common stock, which included 900,000 shares of
common stock sold pursuant to the option granted to the underwriters by
CyrusOne, which was exercised prior to the closing, at a price to the
public of $38.50 per share.
Goldman, Sachs & Co., Barclays, Morgan Stanley, J.P. Morgan, KeyBanc
Capital Markets and Stifel acted as joint-bookrunners for the offering.
Deutsche Bank Securities, Raymond James, RBC Capital Markets, SunTrust
Robinson Humphreyand TD Securities acted as lead managers for the
CyrusOne contributed, directly and indirectly, the net proceeds from the
offering to its operating partnership, CyrusOne LP (the "Operating
Partnership"), in exchange for 6,900,000 newly issued common units of
limited partnership interests in the Operating Partnership. The
Operating Partnership is expected to use such proceeds to finance, in
part, its previously announced acquisition (the "Acquisition") of
certain property in Aurora, Illinois from CME Group Inc., to pay fees
and expenses related to the Acquisition, to fund capital expenditures
related to recently signed leases, to repay outstanding indebtedness
under its revolving credit facility and for general corporate purposes.
In the event the Operating Partnership does not consummate the
Acquisition, it is expected to use such proceeds to fund capital
expenditures related to recently signed leases, to repay outstanding
indebtedness under its revolving credit facility and for general
The shares were offered pursuant to a shelf registration statement that
has been declared effective by the Securities and Exchange Commission
("SEC"). The offering was made only by means of a prospectus supplement
and accompanying prospectus. The final prospectus supplement and
accompanying prospectus related to the offering has been filed with the
SEC and is available on the SEC's website at http://www.sec.gov.
A copy of the final prospectus supplement and accompanying prospectus
related to the offering may be obtained by contacting Goldman, Sachs &
Co., 200 West Street, New York, New York 10282, Attention: Prospectus
Department, by calling (866) 471-2526 or by emailing email@example.com;
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155, Long
Island Avenue, Edgewood, New York 11717, by calling (888) 603-5847 or by
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New
York 10014, Attention: Prospectus Department; J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, Attention: Prospectus Department, by calling
(866) 803-9204; KeyBanc Capital Markets Inc., 127 Public Square, 4th
Floor, Cleveland, Ohio 44114, Attention: Prospectus Delivery Department,
by calling (800) 859-1783; or Stifel, Nicolaus & Company, Incorporated,
One South Street, 15th Floor Baltimore, Maryland 21202, Attention:
Prospectus Department, by calling (855) 300-7136 or by emailing firstname.lastname@example.org.
This news release shall not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
CyrusOne (NASDAQ:CONE) specializes in highly reliable enterprise-class,
carrier-neutral data center properties. CyrusOne provides
mission-critical data center facilities that protect and ensure the
continued operation of IT infrastructure for more than 940 customers,
including nine of the Fortune 20 and 173 of the Fortune 1000 companies.
CyrusOne's data center offerings provide the flexibility, reliability
and security that enterprise customers require and are delivered through
a tailored, customer service-focused platform designed to foster
long-term relationships. CyrusOne is committed to full transparency in
communication, management and service delivery throughout its more than
30 data centers worldwide.
This release contains forward-looking statements regarding future events
and CyrusOne's future results that are subject to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, are statements
that could be deemed forward-looking statements. These statements are
based on current expectations, estimates, forecasts, and projections
about the industries in which CyrusOne operates and the beliefs and
assumptions of its management. Words such as "expects," "anticipates,"
"predicts," "projects," "intends," "plans," "believes," "seeks,"
"estimates," "continues," "endeavors," "strives," "may," variations of
such words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer to
projections of CyrusOne's future financial performance, its anticipated
growth and trends in its businesses, and other characterizations of
future events or circumstances are forward-looking statements. Readers
are cautioned these forward-looking statements are based on current
expectations and assumptions that are subject to risks and
uncertainties, which could cause CyrusOne's actual results to differ
materially and adversely from those reflected in the forward-looking
statements. Factors that could cause or contribute to such differences
include, but are not limited to, those discussed in this release and
those discussed in other documents CyrusOne files with the SEC. More
information on potential risks and uncertainties is available in
CyrusOne's recent filings with the SEC, including CyrusOne's Form 10-K
and Form 8-K reports and its registration statement (No. 333-194771 on
Form S-3). Actual results may differ materially and adversely from those
expressed in any forward-looking statements. CyrusOne undertakes no
obligation to revise or update any forward-looking statements for any
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Source: CyrusOne Inc.
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