Cyxtera Technologies falls as brokerage sees bleak refinancing hopes

Cyxtera Technologies

22/03/2023 14:57

** Cyxtera Technologies Inc's shares  CYXT.O  fall 10.3% to
all time low of $1.19 after brokerage Raymond James downgrades
stock to "market perform" from "outperform"
    ** Brokerage sees "limited visibility" for ongoing
refinancing negotiations
    ** Brokerage cites lack of clarity on the timing and impact
of the negotiations calls for rating downgrade 
    ** Earlier in the week TD Cowen also downgraded stock
    ** Last Thursday, co reported Q4 results and said it was
seeking refinancing for debt maturing in 2024
    ** Stock has fallen 38% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))