King & Spalding’s structured finance team represented Cyrus One in successfully closing its $1.175 billion asset-backed securities (“ABS”) offering, the largest data center backed issue since 2021. The K&S deal team for the transaction included David Ridenour, Ali Pearman, Nika Silva, Yoojin Lee and Shawn Parish, with specialist assistance from Geoffrey King (Bankruptcy), Sam Choy (ERISA), John Green (Tax), Jonathan Talansky (Tax), Sue Moon (Tax), Brian Ashin (Real Estate) and Kim Cagle (Real Estate).