Kirkland & Ellis advised CyrusOne on May 20 regarding a $1.05 billion commercial mortgage-backed security (CMBS) loan secured by one of the company’s data center properties located near Dallas.
The transaction involves CyrusOne, a global data center developer and operator owned by KKR and GIP, which provides digital infrastructure solutions. The financing is structured as a single-asset single-borrower CMBS loan.
According to the announcement, Kirkland & Ellis’s legal team for this transaction included real estate lawyers Leena Chopra, Max Baird, and Kim McGrath.
This deal highlights ongoing activity in the data center sector and continued interest from investors in large-scale digital infrastructure projects.
As demand for digital infrastructure grows, such financings may play an important role in supporting further development of data centers.
