CyrusOne Inks $7.9 Billion Credit Line in AI Data-Center Push
- ESG-linked debt facility to be used for projects in US
- Company now has access to $9.7 billion in debt capital
A CyrusOne data center in Houston, Texas.
Photographer: Tripplaar Kristoffer/Sipa/AP PhotosThis article is for subscribers only.
CyrusOne has secured a $7.9 billion line of credit as it races to build more data centers to meet the demand from the artificial intelligence boom.
It’s the second sustainability-linked deal in the past three months for the KKR & Co. and Global Infrastructure Partners-backed company after completing a $1.8 billion revolving credit financing in May. The data-center firm now has access to up to roughly $9.7 billion of debt capital, the company said in a statement seen by Bloomberg on Monday.