Milbank LLP represented the financing sources in connection with CyrusOne’s $7.9 billion warehouse credit facility, the proceeds of which will be used to finance the ongoing development of its data center platform in the US.
“We are honored to have advised on this significant financing which will enable CyrusOne to further expand its digital infrastructure footprint,” said partner Jaime Ramirez.
Dan Bartfeld added, “This innovative financing is a testament to the strength and depth of the finance markets available to the leading digital infrastructure companies, and we are pleased to advise the sophisticated financing parties on this market-setting transaction.”
The Milbank team was led by partners Jaime Ramirez, Dan Bartfeld and Jonathan Karl, along with special counsel Tim Fitzpatrick and associates Vince El Hayek, Amber Dong, Sol Avalos, Kate Richardson, Julianne Guzman, Nicolette Sullivan, Shannon Hardy, Alejandro Hernandez and Joe Powers.
This transaction is another example of Milbank serving as lead counsel in the digital infrastructure space, where they are the most active law firm throughout the digital infrastructure value chain, ranging from chip foundries, GPU procurement and data centers (and associated power solutions), to fiber and towers. Milbank’s Digital Infrastructure team has led over $50 billion of data center and related transactions in the past year.
