BRIEF-Cyxtera Takes Next Step To Implement Restructuring Support Agreement

Reuters2023-06-05

June 4 (Reuters) - Cyxtera Technologies Inc :

* CYXTERA TAKES NEXT STEP TO IMPLEMENT RESTRUCTURING SUPPORT AGREEMENT

* OBTAINS COMMITMENT FOR $200 MILLION IN NEW FINANCING TO SUPPORT ONGOING OPERATIONS

* EXPECTS TO USE THE CHAPTER 11 PROCESS TO STRENGTHEN THE COMPANY'S FINANCIAL POSITION

* CYXTERA TECHNOLOGIES - EXPECTS TO USE CHAPTER 11 PROCESS TO MEANINGFULLY DELEVERAGE BALANCE SHEET AND FACILITATE THE BUSINESS’S LONG-TERM SUCCESS

* CYXTERA TECHNOLOGIES - IT IS CONTINUING TO PURSUE A POTENTIAL SALE OF THE BUSINESS OR A SIGNIFICANT INVESTMENT FROM A NEW INVESTOR

* CYXTERA TECHNOLOGIES - SUBSIDIARIES IN GERMANY, SINGAPORE AND THE UNITED KINGDOM ARE NOT INCLUDED IN THE COURT-SUPERVISED PROCESS.

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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