CyrusOne Inc.’s Registered Common Stock Offering

Cravath represented CyrusOne Inc. in connection with its US$266 million registered offering of common stock. CyrusOne Inc. is a REIT that owns, operates and develops enterprise‑class, carrier‑neutral, multi‑tenant data center properties. Proceeds of the offering were used to finance the acquisition of property from CME Group by CyrusOne, to pay fees and expenses related to the acquisition of property, to fund capital expenditures related to recently signed leases, to repay outstanding indebtedness under CyrusOne’s revolving credit facility and for general corporate purposes. The shares were listed on the NASDAQ Global Select Market. The transaction closed on March 21, 2016.

The Cravath team included partner William V. Fogg and associates Daniel R. Satin, Erim E. Tuc and Jin‑Kyu Baek.