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CyrusOne Inc. Closes Public Offering of Common Stock
|By Business Wire
|June 25, 2014 04:11 PM EDT
CyrusOne Inc. (NASDAQ:CONE) (“CyrusOne”) has closed a public offering of
15,985,000 shares of its common stock, which included 2,085,000 shares
of common stock sold pursuant to the option granted to the underwriters
by CyrusOne, which was exercised prior to the closing, at a price to the
public of $23.25 per share.
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 used the net proceeds of the offering to acquire 15,985,000
common units of limited partnership interests in CyrusOne’s operating
partnership, CyrusOne LP, from a subsidiary of Cincinnati Bell Inc.
As a result of this offering, Cincinnati Bell effectively owns
approximately 43.7% 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 were offered pursuant to a shelf registration statement that
has been declared effective by the Securities and Exchange Commission
(“SEC”). The offering was made only by means of the prospectus
supplement and accompanying prospectus. The 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 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.
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