CyrusOne Inc. Prices Public Offering of Senior Notes

CyrusOne Inc. (NASDAQ: CONE) (the “Company”) today announced the pricing of the previously announced public offering of $400 million aggregate principal amount of 2.150% senior notes due 2030 (the “Notes”) by its wholly-owned subsidiaries, CyrusOne LP (the “Operating Partnership”) and CyrusOne Finance Corp. (together with the Operating Partnership, the “Issuers”), at 98.795% of their face value. The Notes will mature on November 1, 2030, unless earlier redeemed or repurchased. The Notes will be guaranteed by the Company. The offering is expected to close, subject to certain customary closing conditions, on September 21, 2020.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Truist Securities, Inc. are acting as lead joint book-running managers for the offering. The Issuers intend to use the net proceeds from this offering to repay $300 million of the outstanding indebtedness under the Operating Partnership’s senior unsecured term loans due 2023 and the remainder for general corporate purposes, including the repayment of the borrowings outstanding under the Operating Partnership’s revolving credit facility from time to time.

This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made under an automatic shelf registration statement on Form S-3 filed by the Company with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus supplement and accompanying prospectus. An investor may obtain free copies of the prospectus supplement and accompanying prospectus related to the offering by visiting EDGAR on the SEC website, www.sec.gov, or by contacting: J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk, Telephone (collect): 1-212-834-4533; Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attn: Debt Capital Markets Syndicate, Telephone: [phone]; or Truist Securities, Inc., 3333 Peachtree Road NE. 11th Floor, Atlanta, GA 30326, Attn: Investment Grade Debt Capital Markets, Telephone: [phone].