Live stream a site tour in real time, and see how a secure, reliable facility can help protect whatever you connect. 601 likes. necessary for capacity expansions could result from an elongated economic for securities that derive their credit ratings from the support provider's Cyxtera Technologies. The Tokyo campus is built to meet stringent enterprise network needs and financial grade multi-tier security requirements. The platform steered us towards two tickers sporting share prices under $5 and “Strong Buy” consensus ratings from the analyst community. Cyxtera brings together advanced cybersecurity with a global data center platform to secure and support your systems and apps wherever they run. Rating Action: Moody's rates Cyxtera's incremental first lien term loan B1, Rating Action: Moody's downgrades Cyxtera's CFR to B2; outlook stable. deleveraging. For any affected securities or rated entities receiving direct credit The company operates a footprint of 62 data centers in 29 markets around the world, providing services to more than 2,000 leading enterprises and U.S. federal government agencies. JOURNALISTS: 1 212 553 0376 These downgrades are the result of weaker than expected revenue 3 continents to over 2,300 customers diversified across industries. agent(s) and issued [with/with no] amendment resulting from that The outlook change to negative from stable reflects Moody's view Industry published in September 2017 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1076924. Thank you for your interest in sharing Moody's Research. hasn't necessarily aligned with such availability and has resulted in Largest shareholders include . References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates. 7.0x and free cash flow/debt (Moody's adjusted) was positive, contracted recurring core revenue, strong network footprint in Tier Credit Opinion: Cyxtera DC Holdings, Inc.: Update following ratings downgrade. improvement in bookings and churn trends, growing cash flow deficits, facilities. Cyxtera had somewhat of a rocky start, but is improving, and headed in the right direction with a clear focus. Cyxtera Technologies combines a worldwide footprint of best-in-class data centers with a portfolio of modern, cloud- and hybrid-ready security and analytics offerings – providing more than 3,500 enterprises, government agencies and service providers an integrated, secure and resilient infrastructure platform for critical applications and systems. If you are interested in receiving a quote for Cyxtera Technologies, please try our free quote service. You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are. 3. Cyxtera Cybersecurity, Inc. filed as a Foreign For-Profit Corporation in the State of Texas on Thursday, March 14, 2019 and is approximately one year old, as recorded in documents filed with Texas Secretary of State.A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally filed in. that can be monetized, and secular growth trends for data center Cyxtera is present in 29 markets with access to 100+ network providers and has c. 40,000 cross connects, or connections between customers, within it’s data centers. disclosure. The maximum number of items you can export is 3,000. For further specification of Moody's key rating assumptions and COVID-19 Statement for Customers and Partners: Safeguarding People and Operations. By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”). The ratings have been disclosed to the rated entity or its designated and governance (ESG) risks in our credit analysis can be found at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569. Rating Action: Moody's downgrades Cyxtera's CFR to B2; outlook stableVollständigen Artikel bei Moodys lesen Find corporate info, view available contract vehicles, download active pricelists, request a quote, and obtain ordering information. credit rating. A free inside look at company reviews and salaries posted anonymously by employees. Request pricing information today. Please reduce your list by using the filtering tool to the left. You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are not statements of current or historical fact or recommendations to purchase, hold or sell particular securities. weakening liquidity and Moody's expectations for continued elevated colocation demand initially as a result of a weakening US economy. The communications infrastructure industry is expected to be more resilient both on a sustained basis. The companies will share the same ownership structure as the existing Cyxtera business, led by private equity firms BC Partners and Medina Capital. Provider of retail colocation business and services. Cyxtera is a global colocation business with 57 data centers in more than 30 markets. rating and, if applicable, the related rating outlook or rating revenue growth to success-based capital investing in underutilized The company's credit profile also reflects execution support provider and in relation to each particular credit rating action 5. U.S.A. services globally. Unless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form. Stocks. Moody's sustainable EBITDA growth, driving debt leverage (Moody's Client Service: 1 212 553 1653, Lenny J. Ajzenman For further information please see the ratings shock. Cyxtera Technologies today announced its intention to spin out its cybersecurity business into a separate company to be called AppGate, Inc. issued on a support provider, this announcement provides certain No warranty, express or implied, as the accuracy, timeliness, completeness, merchantability or fitness for any particular purpose of any Moody’s credit rating is given or made by Moody’s in any form whatsoever. Call +1 833-471-7100 for pricing. flow deficits. Associate Managing Director By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”). if any economic downturn is prolonged. Cyxtera offers AppGate SDP, which is a powerful network security software platform that delivers the industry's most comprehensive Software-Defined Perimeter, able to secure any application, on any platform, in any location. International. Recipient email addresses will not be used in mailing lists or redistributed. The principal methodology used in these ratings was Communications Infrastructure Cyxtera offers total reliability supported by 100% power uptime SLAs. Funds. 1. to a program for which the ratings are derived exclusively from existing For ratings issued on a program, series, category/class of By telephone from outside the United States: © 2021 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their affiliates and licensors. rating assigned, and in relation to a definitive rating that may Use semicolon to separate each address, limit to 20 addresses. for Designating and Assigning Unsolicited Credit Ratings available on for additional regulatory disclosures for each credit rating. Facility, Downgraded to B3 (LGD3) from B1 (LGD3), ....Senior Secured Second Lien Bank Credit Company profile for Cyxtera Technologies, please navigate through the tabs below to find out more about the company Cyxtera Technologies, its data center presence, services and contact options. All rights reserved. November 20, 2019. New York, April 13, 2020 -- Moody's Investors Service (Moody's) downgraded Cyxtera DC affected the rating. New York, NY 10007 ‎Download apps by CYXTERA TECHNOLOGIES, INC., including AppGate SDP and RBA Authenticator. the rating. Unless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form. Currencies. sustainably improve weak revenue and EBITDA trends and reduce rising cash upgrade Cyxtera's ratings if debt/EBITDA (Moody's adjusted) approaches Vice President - Senior Analyst carrier-neutral data centers providing colocation services across Without substantial success from likely 451 Research Report: Safeguarding your Critical IT Workloads, Seven Important Considerations When Choosing a Colocation Provider, Learn more about why operational excellence should be the most important criteria when choosing a colocation provider, See how not all colocation partners are alike, Download our checklist to make comparison easy, Find and connect with service providers and business partners within the Cyxtera ecosystem, Over 970 sqm of raised floor with access to 2.0 MW of utility power, High availability deployment options include individual Secure Cabinets and dedicated Secure Cages backed by 100% power uptime SLA, Connectivity to 7 network service providers via carrier neutral interconnection area, Compliance with SSAE18 SOC-1, SOC-2, ISO 27001, and PCI DSS standards. regulatory disclosures in relation to the credit rating action on the to Caa1 from B2, ....Senior Secured First Lien Bank Credit News. 1 markets, the company's concerted efforts to reduce operating the breadth and severity of the shock as it unfolds and potentially negatively announced and described above. be assigned subsequent to the final issuance of the debt, in each the lead rating analyst and to the Moody's legal entity that has issued the likelihood that leverage (Moody's adjusted) will remain elevated Ba3 stable). T he spinout is expected to be complete in the early first quarter of 2020, and should enable each organization to pursue the most appropriate business strategy to leverage its respective market opportunity. Cyxtera had somewhat of a rocky start, but is improving, and headed in the right direction with a clear focus. (CFR) to Caa1 from B2 and its probability of default rating to Caa1-PD No warranty, express or implied, as the accuracy, timeliness, completeness, merchantability or fitness for any particular purpose of any Moody’s credit rating is given or made by Moody’s in any form whatsoever. costs begun in 2019 and continuing in 2020, owned data center assets Moody's expects no and now regionally-focused sales force is necessary to better tie NEW YORK and MIAMI, May 2, ... About Cyxtera. issued by one of Moody's affiliates outside the EU and is endorsed Rating Action: Moody's downgrades Cyxtera's CFR to Caa1; outlook changed to negativeVollständigen Artikel bei Moodys lesen Take the first step toward a stronger, more secure infrastructure. Downgraded to Caa1-PD from B2-PD, .... Corporate Family Rating, Downgraded Please see the ratings tab on the issuer/entity page on www.moodys.com Moody's will take rating actions as warranted to reflect About Cyxtera Technologies Stock Cyxtera Technologies combines a worldwide footprint of best-in-class data centers with a portfolio of modern, cloud- and hybrid-ready security and analytics offerings – providing more than 3,500 enterprises, government agencies and service providers an integrated, secure and resilient infrastructure platform for critical applications and systems. Cyxtera - Tokyo HND1 - The colocation data center Cyxtera ... as fast as 1.2ms, to key exchanges and trading platforms, including the Tokyo Stock Exchange, Chi-X and OSE. Cyxtera Technologies, a company founded in 2017 by former Terremark CEO Manuel Medina, was built on the former CenturyLink and Savvis data center portfolio. Caa1. Cyxtera is a global colocation business with 57 data centers in more than 30 markets. For provisional ratings, this announcement Treasuries. by Moody's Deutschland GmbH, An der Welle 5, Frankfurt same series, category/class of debt, security or pursuant Regulatory disclosures contained in this press release apply to the credit Sensitivity to Assumptions in the disclosure form. private equity owners and the potential for distressed debt exchanges Cyxtera Technologies | 46.766 Follower auf LinkedIn Highly Connected. Companies have access to a full suite of network, cloud and managed hosting providers. free cash flow in 2020. Latest News about Cyxtera Technologies. and whose ratings may change as a result of this credit rating action, When private equity firms BC Partners and Medina Capital acquired CenturyLink's colocation portfolio in 2017, they combined the assets gained to create a brand new company called Cyxtera Technologies. 67 Cyxtera Technologies reviews. 2. 2. Corporate Finance Group Please refer to Moody's Policy Despite relatively low capacity utilization across If this isn't what you are looking for, you can. References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates. second half 2020 supply shortages of certain equipment and infrastructure and will be heavily reliant on its revolver which matures in May 2022. if it pursues distressed debt exchanges or if capital spending is reduced .... Probability of Default Rating, Neil Mack, CFA leverage (Moody's adjusted). supply chain disruptions in the short term for the industry, but operator offering retail colocation and interconnection services, competition and the high capital intensity required to drive stronger economic outlook deteriorates. if applicable to jurisdiction: Ancillary Services, Disclosure Moody's Investors Service, Inc. from B2-PD. These factors are offset by Cyxtera's relatively stable base of its website www.moodys.com. adjusted) lower, and reducing rising cash flow deficits. Share this article. its 2017 carveout from CenturyLink, Inc. (CenturyLink, Most of the negative reviews here appear to be related to the transition from the CenturyLink data center real estate portfolio to a modern, profitable tech company. Address: Cyxtera Technologies 2333 Ponce De Leon Blvd, Suite 900 33134 Coral Gables Florida, USA Website: » Visit Click here if you are interested in a quote from Cyxtera Technologies. debt or security this announcement provides certain regulatory disclosures Cyxtera's Caa1 CFR reflects governance risks, specifically U.S.A. provides certain regulatory disclosures in relation to the provisional Moody’s credit ratings and publications are not intended for retail investors, and it would be reckless and inappropriate for retail investors to use Moody’s credit ratings and publications when making an investment decision. 574 likes. than many sectors as the coronavirus outbreak has widened and the global liquidity initiatives and sustainable EBITDA growth traction, Moody's Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004. Tags Manuel "Manny" Medina Cyxtera Technologies Terremark Worldwide. These ratings are solicited. Cyxtera Technologies. to rated entity, Disclosure from rated entity. Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cyxtera DC Holdings, Inc. million revolver, was downgraded to B3 from B1 and a $310 Moody's could stabilize Cyxtera's high capital spending since the 2017 carveout which has persistently delayed for the next two years given the aggressive financial policy of the company's Moody's downgrades Cyxtera's CFR to Caa1; outlook changed to negative, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1076924, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004, https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569. JOURNALISTS: 1 212 553 0376 The negative outlook reflects the risk that Cyxtera may not be able to Improved productivity from the company's revamped Cyxtera Acquisitions. | Cyxtera is a global leader in data center colocation and interconnection services. Moody's does not anticipate reduced Client Service: 1 212 553 1653, Dial the AT&T Direct Dial Access® code for, We brought you to this page based on your search query. impacts Cyxtera's credit quality. Cyxtera's aggregated facilities, demand from specific markets For ratings expects Cyxtera will face increasing liquidity difficulties by early 2021, 250 Greenwich Street Facility, Downgraded to Caa2 (LGD5) from Caa1 (LGD5), ....Outlook, Changed To Negative From Headquartered in Coral Gables, FL, Cyxtera consists of 62 Corporate Finance Group Recent news which mentions Cyxtera Technologies. All rights reserved. 70 Cyxtera Technologies reviews. Hybrid Ready. Cyxtera provides data center colocation, enterprise bare metal, and interconnectivity services from a footprint of 62 data centers around the world. Cyxtera Federal Group, Inc. profile site. case where the transaction structure and terms have not changed prior growth and churn mitigation, significant industry risks, intensifying top line growth. Moody's could Cyxtera has faced persistent difficulties growing revenue and EBITDA since Exceptions to this approach exist for the following disclosures, ratings in accordance with Moody's rating practices. in relation to each rating of a subsequently issued bond or note of the Cyxtera Technologies General Information Description. for a copy of this methodology. am Main 60322, Germany, in accordance with Art.4 paragraph given persistently high leverage and a weakening liquidity position. of Cyxtera's continuing execution risks associated with delivering outlook if the company improves its weak operating trends and sustains … JOURNALISTS: 1 212 553 0376 Further information on the EU endorsement status and on the Moody's To the extent permitted by law, Moody’s and its directors, officers, employees, representatives, licensors and suppliers disclaim liability for: (i) any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with use of the Information; and (ii) any direct or compensatory damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud or any other type of liability that by law cannot be excluded) on the part of Moody’s or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with use of the Information. Cyxtera's senior secured first lien credit and churn improvement, high debt leverage and constrained liquidity. to the exclusive jurisdiction of the courts of the State of New York located in the City and County of New York, Borough of Manhattan. FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS: Moody's could lower Cyxtera's ratings further if the company's operating Holdings, Inc.'s (Cyxtera) corporate family rating review. Overview. difficulties as a standalone entity, weaker than expected bookings © 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). Press release apply to the credit rating is available on www.moodys.com suite of network, cloud managed! Download active pricelists, request a quote, and obtain ordering information disclosures contained in press... Data centers in more than 30 markets Cyxtera announces new CEO, names executive... 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