CyrusOne (CONE) prices $1.2 billion public bond offering.

CyrusOne, Inc. (CONE) announced today that it has priced a two-part public offering of senior unsecured notes.  The offering includes $600 million 2.900% senior notes due 2024 (+135) and $600 million 3.45% senior notes due 2029 (+175).  The notes are rated BBB-/Ba1/BBB-.  Goldman Sachs, J.P. Morgan and Morgan Stanley were said to be joint book-running managers.

The company said that proceeds would be used to finance the repurchase of CONE's existing 5.000% senior notes due 2024 and 5.375% senior notes due 2027.

CyrusOne is an equity REIT focusing on the acquisition, development and management of data center properties in the U.S. and Europe.  The company has a total market capitalization of approximately $9.2 billion and is a member of the S&P MidCap 400 Index.