Content area
Full Text
CyrusOne Inc. on July 1 said it completed its acquisition of private data center operator Cervalis Holdings LLC in a cash deal valued at roughly $400 million, excluding transaction costs.
The company financed the acquisition using proceeds from its recent common stock and senior note offerings as well as drawings under its recently amended senior unsecured credit facility.
The company said the transaction adds to its portfolio four Tier 3+ data center facilities and two stand-alone work-area recovery facilities serving the New York metropolitan market. The Cervalis facilities comprise more than 500,000 gross square feet of space, including more than 130,000 colocation square...