{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-160378","form_type":"8-K","ticker":null,"cik":"0001794905","company_name":"Cyxtera Technologies, Inc.","filed_at":"2023-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.630560+00:00","generated_at":"2026-06-14T07:29:44.332362+00:00","sec_items":["1.03","2.04","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Cyxtera files Chapter 11 with pre-arranged restructuring; secures $200M DIP financing","bullets":["Filed voluntary Chapter 11 cases in New Jersey on June 4, 2023; pre-arranged restructuring plan supported by lenders holding >2/3 of term loan.","Committed $200M debtor-in-possession financing from term lenders, convertible to exit facility on emergence.","Business continues normal operations; customer access and services uninterrupted; subsidiaries in Germany, Singapore, UK excluded.","Company cautions stockholders may experience significant or complete loss on investment depending on outcome.","Pursuing potential sale or significant investment from new investor during Chapter 11 process."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-160378","json":"https://secwatch.observer/filing/0001193125-23-160378.json","markdown":"https://secwatch.observer/filing/0001193125-23-160378.md","text":"https://secwatch.observer/filing/0001193125-23-160378.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523160378/0001193125-23-160378-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523160378/d497336d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T07:29:44.332362+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"94e83956ad7bf9fd66032b569279ca958830f0af","claim":"Cyxtera Technologies, Inc. reported a default on credit facility of $200 million debtor-in-possession financing with Citibank, N.A. at Not specified maturing Upon emergence from court-supervised process.","evidence_excerpt":"(“ Holdings ”), the subsidiary loan parties thereto, the lenders from time to time party thereto and Citibank, N.A., as administrative agent and collateral agent (the “ Prepetition Credit Agreement ”); and • First Lien Priority Credit Agreement, dated as of May 4, 2023, among the Borrower, Holdings, the other lenders party thereto and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523160378/0001193125-23-160378-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$200 million debtor-in-possession financing"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Rate","value":"Not specified"},{"label":"Maturity","value":"Upon emergence from court-supervised process"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"e89d908a9b52df7ecf39d345087a66f440402ad9","claim":"Cyxtera Technologies, Inc. incurred credit facility of $200 million with certain of the term lenders at Not specified maturing Exit facility upon emergence.","evidence_excerpt":"Cyxtera has received a commitment for $200 million in debtor-in-possession financing from certain of the term lenders, which is convertible into an exit facility upon the Company’s emergence from the court-supervised process.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523160378/0001193125-23-160378-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"certain of the term lenders"},{"label":"Rate","value":"Not specified"},{"label":"Maturity","value":"Exit facility upon emergence"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0edd5e39a0b54f8562db1456b26aeaf1031a3268","claim":"Cyxtera Technologies, Inc. entered chapter 11 in U.S. Bankruptcy Court for the District of New Jersey (petition 2023-06-04).","evidence_excerpt":"On June 4, 2023 (the “ Petition Date ”), Cyxtera Technologies, Inc. (the “ Company ”) and certain of its direct and indirect subsidiaries (collectively, the “ Debtors ”) filed voluntary cases (the “ Chapter 11 Cases ”) under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the U.S. Bankruptcy Court in the District of New Jersey (the “ Bankruptcy Court ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523160378/0001193125-23-160378-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U.S. Bankruptcy Court for the District of New Jersey"},{"label":"Petition","value":"2023-06-04"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}