CyrusOne is a global data center owner, developer and operator. The company closed a massive $7.9 billion warehouse credit facility. This executed transaction is incremental to the $1.8 billion revolving credit facility financing completed in May 2024, 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. Morgan Stanley, TD Securities and KKR Capital Markets served as lead arrangers for the Warehouse Credit Facility, while Wells Fargo served as lead arranger for the Revolving Credit Facility. Global Infrastructure Partners also worked closely with the company in connection with these transactions.

In March 2022, KKR and Global Infrastructure Partners (GIP) competed their buyout of CyrusOne, Inc. The deal was an all-cash transaction valued at approximately $15 billion, including the assumption of debt. KKR’s investment was made primarily from its global infrastructure and real estate equity strategies, and GIP’s investment is being made from its global infrastructure funds. BlackRock made moves to acquire GIP and UK alternatives data provider Preqin.