KKR-backed CyrusOne, a global data center owner, developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, has closed a $7.9 billion warehouse credit facility to fund data center growth.
The transaction is incremental to the $1.8 billion revolving credit facility financing that was completed in May, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders.
The warehouse credit facility will primarily fund existing and future development projects in the United States, while the global revolving credit facility will be used for working capital and for general corporate purposes. Both facilities are sustainability linked and align with sustainability-linked loan principles. CyrusOne said the pricing on the debt facilities will be adjusted based on it achieving target reductions in greenhouse gas emissions.
“The successful closing of this significant financing, combined