Brief: Cyxtera Takes Next Step To Implement Restructuring Support Agreement

Cyxtera Technologies

05/06/2023 01:40

June 4 (Reuters) - Cyxtera Technologies Inc  CYXT.O :
    * CYXTERA TAKES NEXT STEP TO IMPLEMENT RESTRUCTURING SUPPORT
AGREEMENT
    * OBTAINS COMMITMENT FOR $200 MILLION IN NEW FINANCING TO
SUPPORT
ONGOING OPERATIONS
    * EXPECTS TO USE THE CHAPTER 11 PROCESS TO STRENGTHEN THE
COMPANY'S FINANCIAL POSITION
    * CYXTERA TECHNOLOGIES -  EXPECTS TO USE CHAPTER 11 PROCESS
TO
MEANINGFULLY DELEVERAGE BALANCE SHEET AND FACILITATE THE
BUSINESS’S LONG-TERM SUCCESS
    * CYXTERA TECHNOLOGIES -   IT IS CONTINUING TO PURSUE A
POTENTIAL
SALE OF THE BUSINESS OR A SIGNIFICANT INVESTMENT FROM A NEW
INVESTOR
    * CYXTERA TECHNOLOGIES - SUBSIDIARIES IN GERMANY, SINGAPORE
AND
THE UNITED KINGDOM ARE NOT INCLUDED IN THE COURT-SUPERVISED
PROCESS.

Source text for Eikon:  ID:nBw38jNMxa 
Further company coverage:  CYXT.O 

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