Cyxtera entered into a pre-arranged Chapter 11 process in the U.S. Bankruptcy Court for the District of New Jersey.
Cyxtera said it is continuing to operate its unique global platform of highly interconnected data centers normally and without interruption. Customers also continue to have access to their Cyxtera data center sites and equipment as usual.
Nelson Fonseca, Cyxtera’s Chief Executive Officer, said, “We have thoroughly evaluated options to enhance value for the Company and our stakeholders. Together with our Lenders, we determined that initiating this process is the best path forward for Cyxtera and our stakeholders as we pursue new opportunities for growth. We appreciate the significant support from our Lenders, which will enable us to move through this process as quickly as possible. We are confident these steps will enable us to position our business for the long term as we continue serving our customers with innovative services and the highest levels of support.”
www.CyxteraRestructuring.com
