CyrusOne Inc. (NASDAQ: CONE) (the “Company”) today announced the
pricing of the offering of €500 million aggregate principal amount
of 1.125% senior notes due 2028 (the “Notes”) by its indirect
subsidiary, CyrusOne Europe Finance DAC (the “Issuer”), at 98.665%
of their face value. Interest on the Notes will be paid in cash
annually in arrears at a rate of 1.125% per annum from and
including May 26, 2021, and the Notes will mature on May 26, 2028,
unless earlier redeemed or repurchased. The Notes will be
guaranteed by the Company and its operating partnership, CyrusOne
LP, which is the Issuer’s sole shareholder. The offering is
expected to close, subject to certain customary closing conditions,
on May 26, 2021.
The Issuer intends to loan proceeds from the Notes to the
Operating Partnership, and the Operating Partnership intends to use
such proceeds to repay certain Euro denominated borrowings under
its revolving credit facility and for general corporate purposes.
The Company intends to also allocate an amount equal to the net
proceeds from the Notes to finance or refinance a portfolio of
existing or future green building, renewable energy, energy
efficiency, sustainable water and wastewater management, pollution
prevention and control and clean transportation projects or
assets.
This news release does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be
any sale of securities in the United States or any other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Safe Harbor Note
This release contains forward-looking statements which are based
on current expectations, forecasts and assumptions that involve
risks and uncertainties that could cause actual outcomes and
results to differ materially. 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 the Company operates and the beliefs and
assumptions of the Company’s 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 the Company’s
future financial performance, the Company’s anticipated growth and
trends in the Company’s 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 the Company’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
the Company files with the SEC. More information on potential risks
and uncertainties is available in the Company’s recent filings with
the SEC, including the Company’s Form 10-K report, Form 10-Q
reports, and Form 8-K reports. The Company disclaims any obligation
other than as required by law to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors or for new information, data or methods,
future events or other changes.
Reg S Statement
This communication is not an offer to sell or a solicitation of
an offer to buy securities of the Company or its subsidiaries. The
securities have not been and will not be registered under the
Securities Act, or with any securities regulatory authority of any
state or other jurisdiction of the United States. Consequently, the
securities may not be offered, sold, resold, transferred, delivered
or distributed, directly or indirectly, into or within the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and in compliance with any applicable securities laws of any state
or other jurisdiction of the United States. Any offering of the
securities will be conducted pursuant to Regulation S under the
Securities Act.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment
trust (REIT) specializing 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 approximately 1,000
customers, including approximately 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 nearly 50 data centers
worldwide.
This release is directed only at persons (i) that have
professional experience in matters relating to investments falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”); or (ii) falling
within Article 49(2)(a) to (d) (“high net worth companies,
unincorporated associations etc.”) of the Order; or (iii) to whom
an invitation or inducement to engage in investment activity within
the meaning of section 21 of the Financial Services and Markets Act
2000 in connection with the issue or sale of any securities may
otherwise lawfully be communicated or caused to be communicated
(all such persons together being referred to as “relevant
persons”). This release must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment
activity to which this release relates is available only to
relevant persons and will be engaged in only with relevant
persons.
The Notes are not intended to be offered, sold or otherwise made
available to and should not be offered, sold or otherwise made
available to any retail investor in the United Kingdom. For these
purposes, a retail investor means a person who is one (or more) of:
(i) a retail client, as defined in point (8) of Article 2 of
Regulation (EU) No 2017/565 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or
(ii) a customer within the meaning of the provisions of the
Financial Services and Markets Act 2000 (as amended, the “FSMA”)
and any rules or regulations made under the FSMA to implement
Directive (EU) 2016/97, where that customer would not qualify as a
professional client, as defined in point (8) of Article 2(1) of
Regulation (EU) No 600/2014 as it forms part of domestic law by
virtue of the EUWA. Consequently, no key information document
required by Regulation (EU) No 1286/2014 as it forms part of
domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for
offering or selling the Notes or otherwise making them available to
retail investors in the United Kingdom has been prepared and
therefore offering or selling the Notes or otherwise making them
available to any retail investor in the United Kingdom may be
unlawful under the UK PRIIPs Regulation.
UK MiFIR professionals/ECPs only – UK manufacturer target market
is eligible counterparties and professional clients only (all
distribution channels).
The Notes are not intended to be offered, sold or otherwise made
available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area (the
“EEA”). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (11) of
Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or
(ii) a customer within the meaning of Directive 2016/97/EU (as
amended), where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II.
Consequently, no key information document required by Regulation
(EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for
offering or selling the Notes or otherwise making them available to
retail investors in the EEA has been prepared and therefore
offering or selling the Notes or otherwise making them available to
any retail investor in the EEA may be unlawful under the PRIIPs
Regulation.
MiFID II professionals/ECPs only – Manufacturer target market
(MIFID II product governance) is eligible counterparties and
professional clients only (all distribution channels).
No action has been or will be taken in any jurisdiction in
relation to the Notes to permit a public offering of
securities.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210512005801/en/
Investor Relations Michael Schafer Vice President,
Capital Markets & Investor Relations 972-350-0060
investorrelations@cyrusone.com
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