Data Center Operator Cyxtera Taps Guggenheim for Debt Advice

Struggling data-center firm Cyxtera Technologies Inc. is working with Guggenheim Partnersto help it address upcoming debt maturities, according to people with knowledge of the situation who asked not to be identified because they aren’t authorized to speak about it.

Cyxtera, which went public in 2021 in a merger with a blank-check company, faces a November 2023 maturity on its $120 million revolver. It had borrowed $42 million under the credit line as of Sept. 30, according to regulatory filings. The company also has close to $1 billion of first-lien debt due in May 2024, and its shares have tumbled …