---
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"
generated_at: "2026-06-14T04:08:44.472869+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Cyxtera files Chapter 11, secures $200M DIP financing, faces delisting

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-164436
- form_type: 8-K
- cik: 0001794905
- company_name: Cyxtera Technologies, Inc.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-164436
- JSON: https://secwatch.observer/filing/0001193125-23-164436.json
- Plain text: https://secwatch.observer/filing/0001193125-23-164436.txt

## Key facts
- Debt Financings
  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
  source text: The DIP Facility provides for an up to $200 million senior secured superpriority debtor-in-possession term loan credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm
- Listing & Compliance Notices
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1794905/000119312523164436/0001193125-23-164436-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.