Data Center Co. Plans $300M IPO, To Restructure As REIT

Law360, New York (August 8, 2012, 4:30 PM EDT) -- CyrusOne Inc., a data center operator and subsidiary of telecommunications company Cincinnati Bell Inc., plans to go public with an offering of up to $300 million, and will restructure and list itself as a real estate investment trust, according to a Wednesday regulatory filing.

The Texas-based CyrusOne filed an S-11 form with the U.S. Securities and Exchange Commission to kick-start the initial public offering process and plans to use some of the proceeds to repay debts owed to its parent company, Cincinnati Bell said.

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