News Feed Item
CyrusOne Inc. Upsizes and Prices Public Offering of Common Stock
|By Business Wire
|June 19, 2014 08:42 PM EDT
CyrusOne Inc. (NASDAQ:CONE) (“CyrusOne”) has priced a public offering of
13,900,000 shares of its common stock at a price to the public of $23.25
per share. The offering was upsized from the previously announced public
offering of 12,500,000 shares of common stock. All of the shares of
common stock were offered by CyrusOne. The underwriters have been
granted an option to purchase up to 2,085,000 additional shares of
common stock from CyrusOne at the public offering price, less
underwriting discounts. Subject to customary conditions, the offering is
expected to close on or about June 25, 2014.
Citigroup, BofA Merrill Lynch, Barclays, Deutsche Bank Securities and
Morgan Stanley acted as joint-bookrunners for the offering. Cantor
Fitzgerald & Co., Evercore, KeyBanc Capital Markets, Stephens Inc. and
UBS Investment Bank acted as co-managers for the offering.
CyrusOne will use the net proceeds of the offering to acquire 13,900,000
common units (or 15,985,000 common units if the underwriters exercise
their option to purchase additional shares of CyrusOne’s common stock in
full, assuming one common unit will be purchased for every share of
common stock issued by CyrusOne in the offering) of limited partnership
interests in CyrusOne’s operating partnership, CyrusOne LP, from a
subsidiary of Cincinnati Bell Inc. (“Cincinnati Bell”).
Upon completion of this offering, Cincinnati Bell will effectively own
approximately 46.9% (or approximately 43.7% if the underwriters exercise
their option to purchase additional shares of CyrusOne’s common stock in
full) of CyrusOne through its interests in the outstanding shares of
common stock of CyrusOne and its interests in the common units of
limited partnership interest of CyrusOne LP, which are exchangeable into
shares of common stock of CyrusOne on a one-for-one basis.
The shares are being offered pursuant to a shelf registration statement
that has been declared effective by the Securities and Exchange
Commission (“SEC”). The offering will be made only by means of the
prospectus supplement and accompanying prospectus. The preliminary
prospectus supplement and accompanying prospectus related to the
offering has been filed with the SEC and is available on the SEC’s
website at http://www.sec.gov.
A copy of the preliminary prospectus supplement and accompanying
prospectus related to the offering may be obtained by contacting
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by calling (800) 831-9146 or by emailing [email protected];
by contacting BofA Merrill Lynch, Attention: Prospectus Department, 222
Broadway, New York, New York 10038 or by emailing [email protected];
by contacting Barclays, c/o Broadridge Financial Solutions, 1155, Long
Island Avenue, Edgewood, New York 11717, by calling (888) 603-5847 or by
emailing [email protected];
by contacting Deutsche Bank Securities, c/o Prospectus Group, 60 Wall
Street, New York, NY 10005, by calling (800) 503-4611 or by emailing [email protected];
or by contacting Morgan Stanley, 180 Varick Street, 2nd Floor, New York,
NY 10014, Attention: Prospectus Department.
This news release shall not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
CyrusOne Inc. (NASDAQ:CONE) specializes in highly reliable
enterprise-class, carrier-neutral data center properties. CyrusOne
provides mission-critical data center facilities that protect and ensure
the continued operation of IT infrastructure for approximately 630
customers, including nine of the Fortune 20 and 135 of the Fortune 1000
or private or foreign enterprises of equivalent size.
CyrusOne’s data center offerings provide the flexibility, reliability
and security that enterprise customers require and are delivered through
a tailored, customer service-focused platform designed to foster
long-term relationships. CyrusOne also offers high-performance, low-cost
data transfer and accessibility for its customers through its
interconnection platform, CyrusOne National IX, which delivers
interconnection across states and between metro-enabled sites within the
CyrusOne facility footprint and beyond. CyrusOne is committed to full
transparency in communication, management and service delivery
throughout its 25 data centers worldwide.
This release contains forward-looking statements regarding future events
and CyrusOne’s future results that are subject to the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, are statements
that could be deemed forward-looking statements. These statements are
based on current expectations, estimates, forecasts, and projections
about the industries in which CyrusOne operates and the beliefs and
assumptions of its management. Words such as “expects,” “anticipates,”
“predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “continues,” “endeavors,” “strives,” “may,” variations of
such words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer to
projections of CyrusOne’s future financial performance, its anticipated
growth and trends in its businesses, and other characterizations of
future events or circumstances are forward-looking statements. Readers
are cautioned these forward-looking statements are based on current
expectations and assumptions that are subject to risks and
uncertainties, which could cause CyrusOne’s actual results to differ
materially and adversely from those reflected in the forward-looking
statements. Factors that could cause or contribute to such differences
include, but are not limited to, those discussed in this release and
those discussed in other documents CyrusOne files with the SEC. More
information on potential risks and uncertainties is available in
CyrusOne’s recent filings with the SEC, including CyrusOne’s Form 10-K
report and Form 8-K reports and its registration statement (No.
333-194770 on Form S-3). Actual results may differ materially and
adversely from those expressed in any forward-looking statements.
CyrusOne undertakes no obligation to revise or update any
forward-looking statements for any reason.
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
Oct. 21, 2016 11:00 AM EDT Reads: 894
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be.
We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Oct. 21, 2016 10:50 AM EDT
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Oct. 21, 2016 10:45 AM EDT Reads: 1,631
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Oct. 21, 2016 10:30 AM EDT Reads: 1,215
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes.
In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 21, 2016 10:30 AM EDT Reads: 498
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it?
In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
Oct. 21, 2016 10:15 AM EDT Reads: 1,367
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
Oct. 21, 2016 09:30 AM EDT Reads: 1,122
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Oct. 21, 2016 09:30 AM EDT Reads: 410
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation.
"To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...
Oct. 21, 2016 09:15 AM EDT Reads: 213
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 21, 2016 08:45 AM EDT Reads: 11,114
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience.
In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Oct. 21, 2016 08:45 AM EDT Reads: 1,359
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential.
In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Oct. 21, 2016 08:15 AM EDT Reads: 1,834
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
Oct. 21, 2016 08:00 AM EDT Reads: 5,571
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value.
In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Oct. 21, 2016 07:45 AM EDT Reads: 3,728
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud.
In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Oct. 21, 2016 07:45 AM EDT Reads: 2,054