BUZZ-Cyxtera Technologies falls after filing for bankruptcy

Reuters2023-06-05

** Shares of data-center operator Cyxtera Technologies Inc

fall 12.5% to $0.139 premarket

** Co & some of its units file for bankruptcy protection in New Jersey

** Co receives commitment for $200 mln in debtor-in-possession financing from some term lenders to support operations during bankruptcy process

** CYXT has listed both assets & liabilities in range of $1 bln to $10 bln, according to court filing

** Co continues to pursue potential sale of business or significant investment from new investor

** Co's units in Germany, Singapore & UK are not included in court-supervised process

** Up to last close, stock fell 91.71% YTD

(Reporting by Ashwini Raj in Bengaluru)

((Ashwini.Raj@thomsonreuters.com))

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