Cyxtera Technologies, Inc. filed a motion in the US Bankruptcy Court for the sale of certain assets on June 15, 2023. The debtor seeks the Court’s approval for the sale of certain assets the stalking horse bidder. The debtor’s assets include equity interests issued by reorganized Cyxtera Technologies, Inc. Debtor will select a stalking horse bidder on July 16, 2023.

To qualify as a qualified bidder, interested parties should submit their bids by July 19, 2023, along with good-faith deposit in the amount of 10% of the bid price. The debtor has scheduled an auction on July 24, 2023. The stalking horse bidder would be entitled to a break-up fee and expense reimbursement in case of termination of the asset purchase agreement.