CyrusOne Inc. (NASDAQ:CONE) (“CyrusOne”) has priced a public
offering of 12,400,000 shares of its common stock at a price to the
public of $31.12 per share. The offering was upsized from the
previously announced public offering of 12,200,000 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
1,860,000 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
April 7, 2015.
Citigroup, Morgan Stanley, Barclays, Deutsche Bank Securities,
Goldman, Sachs & Co. and J.P. Morgan acted as joint-bookrunners
for the offering. PNC Capital Markets LLC, Regions Securities LLC
and UBS Investment Bank acted as co-managers for the offering.
CyrusOne will use the net proceeds of the offering to acquire
12,400,000 common units (or 14,260,000 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 two subsidiaries of Cincinnati Bell
Inc. (“Cincinnati Bell”).
Upon completion of this offering, Cincinnati Bell will
effectively own approximately 24.5% (or approximately 21.7% 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, at CyrusOne’s election, 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 or by calling (800) 831-9146; Morgan
Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014,
Attention: Prospectus Department; Barclays, c/o Broadridge
Financial Solutions, 1155, Long Island Avenue, Edgewood, New York
11717, by calling (888) 603-5847 or by emailing
Barclaysprospectus@broadridge.com; Deutsche Bank Securities,
Attention: Prospectus Group, 60 Wall Street, New York, New York
10005-2836, by calling (800) 503-4611 or by emailing
prospectus.cpdg@db.com; Goldman, Sachs & Co., 200 West Street,
New York, New York 10282, Attention: Prospectus Department, by
calling (866) 471-2526 or by emailing
prospectus-ny@ny.email.gs.com; or J.P. Morgan, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, Attention: Prospectus Department, by calling (866) 803-9204
or by emailing prospectus-eq_fi@jpmchase.com.
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 jurisdiction.
About CyrusOne
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 more than
665 customers, including nine of the Fortune 20 and 144 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 is committed
to full transparency in communication, management and service
delivery throughout its 25 data centers worldwide.
Safe Harbor
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 10-Q 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.
CyrusOne Inc.Investor RelationsMichael Schafer,
972-350-0060investorrelations@cyrusone.comMediaJacob Smith,
513-671-3811cyrusone@gyro.com
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