Cyxtera is Taking Action to Strengthen Our Business and Position the Company for Long-Term Success

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Taking the Next Steps in Our RSA

Cyxtera is implementing a plan to strengthen our business for the long term as we continue operating our unique global platform of highly interconnected data centers normally and without interruption.

As previously announced, we recently entered into a Restructuring Support Agreement (“RSA”) with the substantial majority of our lenders under which we received additional financing and undertook a review of options to enhance value for the business.

Following that evaluation, we determined that strengthening our financial position through a court-supervised process as we pursue new opportunities for growth is the best path forward for our business and key stakeholders.

Pursuant to the RSA, Cyxtera and certain of our subsidiaries initiated a pre-arranged court-supervised Chapter 11 process in the United States on June 4, 2023. This process will enable us to significantly reduce debt, meaningfully enhance liquidity and position the business for long-term success.

This decision underscores the strength of our operations, our lenders’ confidence in our business and the high demand for our services.

During this process, Cyxtera is operating normally:

Serving Our Customers & Partners

  • Continuing to provide uninterrupted service & our full suite of innovative solutions
  • Ensuring normal customer access to their data center sites & equipment
  • Serving our customers with the highest levels of support

Working with Our Vendors & Suppliers

  • Paying trade vendors and suppliers in full for goods and services provided on or after the filing date
  • Continuing to order goods & services based on the needs of the business

Paying Employees & Providing Benefits

  • No changes to our employee pay & benefits
  • Roles, responsibilities & reporting structures remain the same
  • Maintaining our unwavering focus on helping our customers around the world transform and scale their businesses

We intend to move through this process as quickly and efficiently as possible. Due to the significant support of our lenders, we expect to complete this process on an expedited basis.

We have received a commitment for $200 million in new financing, which is expected to provide sufficient liquidity to support the business and our stakeholders during this process and beyond.

Our subsidiaries in the United Kingdom, Germany and Singapore are not included in the court-supervised process.

Demand for our global data center platform remains high, and we look forward to emerging from this process as an even stronger partner to our customers and partners around the world as we help them meet their evolving business needs.

Press Releases

August 7, 2023

Cyxtera Files Plan of Reorganization and Provides Business Update for the Second Quarter 2023

June 6, 2023

Cyxtera Receives Court Approval for First Day Motions

June 4, 2023

Cyxtera Takes Next Step to Implement Restructuring Support Agreement

May 4, 2023

Cyxtera Takes Steps to Position Business for Long-Term Success

Information & Resources

Customers & Partners

Suppliers & Vendors


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