{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-164436","form_type":"8-K","ticker":null,"cik":"0001794905","company_name":"Cyxtera Technologies, Inc.","filed_at":"2023-06-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.630765+00:00","generated_at":"2026-06-14T04:08:44.472869+00:00","sec_items":["1.01","2.03","3.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Cyxtera files Chapter 11, secures $200M DIP financing, faces delisting","bullets":["Filed Chapter 11 on June 4, 2023 in New Jersey; cases jointly administered as In re: Cyxtera Technologies (23-14852).","Entered $200M DIP facility: up to $150M new money, $36M roll-up, $14M transferred loans; SOFR + 8.50% interest.","DIP facility matures earliest of 6 months after effective date, asset sale, or plan confirmation; subject to Bankruptcy Court final order.","Received Nasdaq delisting notice June 6, 2023; trading suspended June 15, 2023; company will not appeal.","Prepetition priority lenders owed ~$50M principal; DIP used for working capital, professional fees, Chapter 11 costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-164436","json":"https://secwatch.observer/filing/0001193125-23-164436.json","markdown":"https://secwatch.observer/filing/0001193125-23-164436.md","text":"https://secwatch.observer/filing/0001193125-23-164436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/d508934d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T04:08:44.472869+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":"ee5553244a302f99c79d8ec5da1f00478dd79c74","claim":"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.","evidence_excerpt":"The DIP Facility provides for an up to $200 million senior secured superpriority debtor-in-possession term loan credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $200 million"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent"},{"label":"Rate","value":"SOFR plus 8.50%, with a SOFR floor of 1.00%"},{"label":"Maturity","value":"6 months after the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4c32a8807d09f6e8c5a7d79f2e678609cb8c0d9","claim":"Cyxtera Technologies, Inc. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Rules","value":"5101, 5110(b), IM-5101-1"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"da26e95e3708c58dffffdd918bcc4d044972e9df","claim":"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).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB"},{"label":"Value","value":"$200,000,000"},{"label":"Effective","value":"2023-06-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}