CINCINNATI--(BUSINESS WIRE)--Aug. 8, 2012--
Cincinnati Bell Inc. (NYSE: CBB) announced today that CyrusOne Inc., the
wholly owned subsidiary that owns and operates Cincinnati Bell’s data
center business, has filed a registration statement on Form S-11 with
the Securities and Exchange Commission (SEC) in connection with
CyrusOne’s proposed initial public offering of its common stock. A
portion of the proceeds from the initial public offering will be used to
repay outstanding indebtedness of CyrusOne owed to Cincinnati Bell.
Morgan Stanley & Co. LLC and BofA Merrill Lynch will act as joint
A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold, nor may offers to buy be accepted, prior to the time the
registration statement becomes effective.
This news release shall not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
The initial public offering will be made only by means of a prospectus.
When available, a copy of the preliminary prospectus relating to the
initial public offering may be obtained from Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, New York 10014, by telephone at +1 (866) 718-1649 or by email at email@example.com;
or from BofA Merrill Lynch, Attention: Prospectus Department, 222
Broadway, 7th Floor, New York, New York 10038 or by email at firstname.lastname@example.org.
Safe Harbor Note
This release and the documents incorporated by reference herein contain
forward-looking statements regarding future events and our future
results that are subject to the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. All statements, other than
statements of historical facts, are statements that could be deemed
forward-looking statements. These statements are based on current
expectations, estimates, forecasts, and projections about the industries
in which we operate and the beliefs and assumptions of our management.
Words such as “expects,” “anticipates,” “predicts,” “projects,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,”
“endeavors,” “strives,” “may,” variations of such words and similar
expressions are intended to identify such forward-looking statements. In
addition, any statements that refer to projections of our future
financial performance, our anticipated growth and trends in our
businesses, and other characterizations of future events or
circumstances are forward-looking statements. Readers are cautioned
these forward-looking statements are based on current expectations and
assumptions that are subject to risks and uncertainties, which could
cause our actual results to differ materially and adversely from those
reflected in the forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to, those
discussed in this release and those discussed in other documents we file
with the SEC. More information on potential risks and uncertainties is
available in our recent filings with the SEC, including Cincinnati
Bell's Form 10-K report, Form 10-Q reports and Form 8-K reports. Actual
results may differ materially and adversely from those expressed in any
forward-looking statements. We undertake no obligation to revise or
update any forward-looking statements for any reason.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB)
provides integrated communications solutions - including local, long
distance, data, Internet, entertainment and wireless services - that
keep residential and business customers in Greater Cincinnati and Dayton
connected with each other and with the world. In addition, Cincinnati
Bell provides best-in-class data center colocation services to its
enterprise customers through its facilities with fully redundant power
and cooling solutions that are currently located in the Midwest, Texas,
London and Singapore. Complementing the colocation products, Cincinnati
Bell also offers complex information technology solutions like managed
services and technology staffing. For more information, visit www.cincinnatibell.com.
Source: Cincinnati Bell Inc.
Cincinnati Bell Inc.
John Caulfield, 513-397-0487