Kirkland & Ellis LLP
07/16/2024 | Press release | Distributed by Public on 07/16/2024 10:48
Kirkland Advises CyrusOne on Securing a $687.1 Million Commercial Mortgage-Backed Security
Kirkland & Ellis advised CyrusOne, a leading global data center developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, on securing a $687.1 million Single Asset Single Borrower Commercial Mortgage-Backed Security (CMBS) loan for CyrusOne's DFW1 data center, the company's inaugural CMBS issuance. This transaction brings CyrusOne's total capital raised this year to $12 billion. The DFW1 data center serves more than 100 customers and is the first co-location/enterprise data center single asset single borrower securitized financing since the financial crisis in 2008.
The Kirkland team was led by real estate partners David Rosenberg, Kim McGrath and Kevin Donahue and associates Zach Weber, Max Baird and Kate Plonsker; and corporate partners Melissa Kalka and Ben Hardison and associate Reese Gwin.