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CyrusOne enters sales agreements for up to $320M of common stock

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CyrusOne enters sales agreements for up to $320M of common stock

CyrusOne Inc.and its operating partnership, CyrusOne LP, agreed to sell from time to time upto $320.0 million worth of common stock.

The company entered into separate sales agreements with eachof Raymond James & Associates Inc., Jefferies LLC, KeyBanc Capital MarketsInc., Merrill Lynch Pierce Fenner & Smith Inc. and SunTrust RobinsonHumphrey Inc., according to a July 8 filing.

CyrusOne expects to contribute the net proceeds to itsoperating partnership in exchange for an equivalent number of newly issuedoperating partnership units. The operating partnership intends to use theproceeds for general corporate purposes, including acquisitions, investments orcapital expenditures related to recent leases, and repaying outstandingindebtedness under its revolving credit facility.