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CyrusOne units to issue euro notes due 2027


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CyrusOne units to issue euro notes due 2027

Two CyrusOne Inc. units aim to offer an undisclosed amount of euro-denominated notes due 2027 in a registered public offering.

The company's operating partnership CyrusOne LP and the operating partnership's wholly owned subsidiary CyrusOne Finance Corp. will issue the notes, subject to market and other conditions.

Net proceeds of the note offer will be used for certain currency swap settlements, euro-denominated revolver borrowing repayments, as well as for general corporate purposes, including funding some of CyrusOne's development activities in Europe.

Barclays Bank PLC, Merrill Lynch International and Deutsche Bank AG London branch act as lead joint book-running managers for the offering.