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Data Center Operator Cyxtera Seeks Bankruptcy Court Relief From Rising Interest Rates

Pre-Arranged Chapter 11 Proceedings Could See Some Leases Cancelled
Cyxtera Technologies' lease of this data center in Weehawken, New Jersey, is one of 60 it operates globally. (CoStar)
Cyxtera Technologies' lease of this data center in Weehawken, New Jersey, is one of 60 it operates globally. (CoStar)

Cyxtera Technologies, an operator of 60 leased data centers in the U.S. and globally, is seeking Chapter 11 bankruptcy protection as rapidly rising interest rates and inflation eats into the profitability of some of its leases.

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