[7], In January 2013, the company became a public company via an initial public offering. CyrusOne Inc. - Fitch Ratings KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Additionally, we can develop flexible solutions for our customers at multiple resiliency levels, and the kW signed is unadjusted for this factor. Suite 2200, 2850 North Harwood Street, Dallas, Texas, 75201. It offers services including cloud solutions, data centers, connectivity, colocation solutions and disaster recovery services. Cara Major Thank you for your interest in the U.S. Securities and Exchange Commission. 03925319. CyrusOne Inc. - FORM 10-Q - October 31, 2017 The Company believes that Net Debt provides a useful measure of liquidity and financial health. Accordingly, our FFO may not be comparable to others. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. It includes the monthly impact of installation charges of approximately $0.7 million in 2Q'21, $0.3 million in 1Q'20 and 3Q'21, and $0.2 million in 2Q'20, 3Q'20, 4Q'20, 1Q'21 and 4Q'21. CyrusOne is a real estate investment trust (REIT) that specializes in the design, construction, and operation of enterprise-class, carrier-neutral, and multi-tenant data centers. Define CyrusOne Subsidiaries. Andreas oversight includes data center operations, physical security, customer success, implementations, service delivery, and crisis management. Represents the customers total annualized rent divided by the total annualized rent in the portfolio as of December 31, 2021, which was approximately $1,196.3 million. It offers data center real estate assets that provide the operation of information technology infrastructure. We calculate FFO as Net (loss) income computed in accordance with GAAP before Real estate depreciation and amortization and Impairment losses and loss on asset disposals. Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships. Change in operating assets and liabilities: Rent and other receivables, net and other assets, Net cash provided by operating activities, Proceeds from the sale of real estate assets, Tax payment upon exercise of equity awards, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase (decrease) in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash at end of period. Combining exceptional financial strength with a broad global footprint, CyrusOne provides customers with long-term stability and strategic advantage at scale. Represents infrastructure support space, including mechanical, telecommunications and utility rooms, as well as building common areas. Represents the number of customers occupying data center, office and other space as of December 31, 2021. Represents the total square feet of a building under lease or available for lease based on engineers' drawings and estimates but does not include space held for development or space used by CyrusOne. Reconciliation of Net Income (Loss) to FFO and Normalized FFO: Real estate depreciation and amortization, Normalized Funds from Operations (Normalized FFO), Weighted average diluted common shares outstanding, Amortization of deferred financing costs and bond premium / discount, Non-real estate depreciation and amortization, Deferred revenue, primarily installation revenue(b). Inactive Subsidiaries means, collectively, SMTC Manufacturing Corporation of Colorado, a Colorado corporation, Qualtron Inc., a Massachusetts corporation, SMTC Ireland Company, an Irish corporation, SMTC Manufacturing Corporation of Ireland Limited, an Irish corporation, SMTC Teoranta, an Irish corporation, SMTC R&D Teoranta, an Irish corporation, SMTC Mexico, S.A. de C.V., a Mexican corporation, 940862 Ontario Inc., an Ontario corporation, SMTC Manufacturing Corporation of Wisconsin, a Wisconsin corporation, SMTC Manufacturing Corporation of North Carolina, a North Carolina corporation, and SMTC Manufacturing Corporation of Texas, a Texas corporation, and Inactive Subsidiary shall mean any one of them individually. Before joining CyrusOne, Brent served as Senior Vice President of sales for Compass Datacenters. The increase in revenue was driven primarily by a 10% increase in occupied CSF and higher metered power reimbursements. Fitch Withdraws Ratings of CyrusOne This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. 5Annualized GAAP revenue is equal to monthly recurring rent, defined as average monthly contractual rent during the term of the lease plus the monthly impact of installation charges, multiplied by 12. The company operates as an owner, operator and developer of enterprise-class, and carrier-neutral, multi-tenant and single-tenant data center properties. Additionally, as permitted by the terms of Merger agreement, today the Company is announcing a dividend of $0.52 per share of common stock for the first quarter of 2022. Since joining CyrusOne in August 2018 Matt has been pivotal in authenticating the CyrusOne brand in Europe and deploying significant capital across the new development portfolio; more than doubling the European footprint and diversifying the customer base. From January 1, 2020 through December 31, 2021, customer reimbursements under leases with separately metered power constituted between 14.9% and 22.5% of annualized rent. Represents all leases in our portfolio, including colocation, office and other leases. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Additionally, in the fourth quarter of 2020, the Company recognized a $19.7 million gain on the Companys equity investment in GDS Holdings Limited. Senior Vice President, Finance [5][6], In September 2011, the company acquired 55.9 acres in Chandler, Arizona for construction of a data center facility. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Indicates properties in which we hold a leasehold interest in the building shell and land. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. Other REITs may not calculate Normalized FFO in the same manner. Principal Subsidiaries means any Subsidiary of the Issuer whose profit before tax, as shown by the accounts of such Subsidiary (consolidated in the case of a company which itself has Subsidiaries), based upon which the latest audited consolidated accounts of the Group have been prepared, are at least 10 per cent. Leadership - CyrusOne's Executive Leadership Team May not sum to total due to rounding. For the month of December 2021, customer reimbursements were $268.8 million annualized and consisted of reimbursements by customers across all facilities with separately metered power. As Chief Executive Officer, Eric is responsible for leading CyrusOnes strategy and driving the Companys growth including the development of strategic partnerships. CyrusOne had $3.53 billion of long-term debt10, $346 million of cash and cash equivalents, and approximately $1.39 billion available under its unsecured revolving credit facility as of December 31, 2021. We are also excited to execute on our capital recycling initiative, further optimizing our portfolio as we redeploy capital into accretive developments across core markets with diverse hyperscale and enterprise demand in the U.S. and Europe.. Percentage of [20], Also in March 2022, the company was acquired by Kohlberg Kravis Roberts and Global Infrastructure Partners for $15 billion. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Matt oversees regional business strategy and an experienced European Management Team to deliver upon site selection, construction, design, operations, finance, HR, legal, technology, sales, and marketing across an operational and development portfolio with an IT power capacity of more than 200 MW in London, Frankfurt, Dublin, Amsterdam and Paris. The Company also announced, effective today, that trading of its shares of common stock has been suspended on the NASDAQ Global Select Market (Nasdaq), and that CyrusOne has requested that its common stock be delisted from Nasdaq. CyrusOne Inc.'s ratings consider the high quality and strong locations of its owned and operated data center portfolio assets, in the context of strong secular demand growth due to higher data utilization. We are very well positioned to capitalize on the acceleration in growth opportunities driven by strong underlying secular demand trends and create substantial value for all of our stakeholders., We see significant opportunity ahead for CyrusOne to build on its market leading position and impressive track record of delivering state of the art data center solutions around the globe, at a time when the world is increasingly dependent on them, at a rapid pace, said Waldemar Szlezak, Partner at KKR. Accordingly, the Companys Adjusted EBITDA as presented may not be comparable to others. Amount outstanding is USD-equivalent of 500 million. Fran previously served as the Chief Financial Officer at IQHQ, a developer and owner of life science real estate. A leader in hybrid-cloud and multi-cloud deployments, CyrusOne offers colocation, hyperscale, and build-to-suit environments that help customers enhance the strategic connection of their essential data infrastructure and support achievement of sustainability goals. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.
Sunshine Get Down Festival,
Uniplaces Affiliate Program,
Mckinley School Staff Directory,
Benefits Of Weighted Dips And Pull-ups,
How Many Cities In Mauritius,
Articles C
