Lenders to 2021 SPAC Merger Cyxtera Seek Legal Advice on Debt

A group of lenders to struggling data-center firm Cyxtera Technologies Inc. has engaged Gibson, Dunn & Crutcher as legal counsel as the company seeks to address upcoming debt maturities, according to people with knowledge of the situation who asked not to be identified because they aren’t authorized to speak about it.

The mandates come as Cyxtera, which went public in 2021 in a merger with a blank-check company, faces a November 2023 maturity on its $120 million revolver. It had borrowed $42 million under the credit line as of Sept. 30, according to regulatory filings. The company also has close ...