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Cyxtera seeks $950m debt cut as recapitalization – or sale - on track to be completed by year-end

The group said it has received “multiple qualified bids” for a potential sale whilst Q2 results show a steady growth across key metrics.

By João Marques Lima

Founder and Editor, The Tech Capital

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August 07, 2023 | 10:20 PM BST

Cyxtera seeks $950m debt cut as recapitalization – or sale - on track to be completed by year-end

Nelson Fonseca, Cyxtera’s Chief Executive Officer. Source: Cyxtera

The Tech Capital

Cyxtera (NASDAQ: CYXTQ) has filed a proposed Plan of Reorganization with the U.S. Bankruptcy Court for the District of New Jersey as part of its Chapter 11 process.

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João Marques Lima

Founder and Editor, The Tech Capital

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