Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cyxtera Technologies, Inc. incurred credit facility of up to $200 million with Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent at SOFR plus 8.50%, with a SOFR floor of 1.00% maturing 6 months after the Effective Date.
- Instrument
- credit facility
- Principal
- up to $200 million
- Counterparty
- Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent
- Rate
- SOFR plus 8.50%, with a SOFR floor of 1.00%
- Maturity
- 6 months after the Effective Date
- Event
- incurrence
Exact text from the filing
The DIP Facility provides for an up to $200 million senior secured superpriority debtor-in-possession term loan credit facility
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Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Cyxtera Technologies, Inc. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).
- Exchange
- nasdaq
- Notice
- delisting notice
- Rules
- 5101, 5110(b), IM-5101-1
Exact text from the filing
June 6, 2023, the Company received written notice (the “ Delisting Notice ”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, as a result of the Chapter 11 Cases and in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq had determined that the Company’s Class A common stock will be delisted from Nasdaq. The Company does not intend to appeal this determination. Trading of the Company’s Class A common stock will be suspended at the opening of business on June 15, 2023, and Nasdaq will file a Form 25-NSE with
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cyxtera Technologies, Inc. entered into Senior Secured Superpriority Debtor-in-Possession Credit Agreement with Wilmington Savings Fund Society, FSB valued at $200,000,000 (effective 2023-06-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wilmington Savings Fund Society, FSB
- Value
- $200,000,000
- Effective
- 2023-06-07
Exact text from the filing
Cyxtera DC Holdings, Inc., as the borrower (the “ DIP Borrower ”), and Cyxtera DC Parent Holdings, Inc. (“ Holdings ”) entered into a Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of June 7, 2023 (together with all exhibits and schedules thereto, the “ DIP Facility ”), with the other lenders party thereto (the “ DIP Lenders ”) and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent (the “ Agent ”).
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