Cyxtera Plans to Ask Lenders to Extend Maturities on Loans

Struggling data-center firm Cyxtera Technologies Inc. is planning to ask a group of lenders to push back maturities on company debt, according to people with knowledge of the situation.

Cyxtera, which has a revolving line of credit due in November and term loans due 2024, is also planning to ask lenders to agree to turn part of their debt holdings into equity, the people said. To encourage lenders to agree to these changes, Cyxtera backers are offering to inject more liquidity into the company, said the people, who asked not to be identified discussing a private matter.

Its backers include ...