Cyxtera gains on court approval to access financing

Cyxtera Technologies

07/06/2023 15:32

** Shares of data-center operator Cyxtera Technologies Inc
 CYXT.O  up as much as 7.4% at $0.0697
    ** Co, which filed for bankruptcy on June 4, secures
approval to access financing to support ongoing operations 
    ** CYXT says court granted interim approval to access up to
$54 mln of $200 mln in debtor-in-possession financing from
certain term lenders
    ** Including session gains, stock has plunged 96.3% YTD 

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))