Cyxtera Extends Debt Maturity, May Have to Consider Bankruptcy

Data center firm Cyxtera Technologies Inc. pushed out the maturity on a $120 million revolving credit line from November to April 2024, but may have to consider filing for bankruptcy if it can’t refinance or otherwise repay the debt, according to a regulatory filing.

• Cyxtera struck deal to extend the maturity on March 14, according to its annual report
• Agreement includes roughly $18 million reduction in borrowing capacity and an increased interest rate
• If company can’t further extend, refinance or repay its debt in some other way, Cyxtera “could be forced to consider all strategic alternatives” including restructuring its obligations, ...