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US Bankruptcy Court greenlights $775m Brookfield rescue of Cyxtera

The transaction is expected to close in the first quarter of 2024. Cyxtera expects to emerge from the court-supervised process it currently is in as a result.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

November 19, 2023 | 11:34 PM GMT

US Bankruptcy Court greenlights $775m Brookfield rescue of Cyxtera

U.S. Bankruptcy Court for the District of New Jersey

The Tech Capital

The U.S. Bankruptcy Court for the District of New Jersey has approved the sale of substantially all of Cyxtera’s (OTC: CYXTQ) assets to Brookfield Infrastructure Partners L.P. (NYSE: BIP, TSX: BIP.UN) and its institutional partners.

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João Marques Lima

Founder and Editor, The Tech Capital

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