Thursday, July 5, 2012

Equinix Secures $750 Million Senior Credit Facility

Equinix announced a $750 million senior credit facility consisting of a $550 million senior secured revolving credit facility and a $200 million senior secured term loan facility. Both the revolving credit facility and the term loan facility have a five year maturity date extending to June 2017.
Proceeds from the senior credit facility were used to repay term loans of Equinix’s Asia-Pacific subsidiaries under its multi-currency credit facility agreement dated May 10, 2010 for approximately $200 million.

"We are pleased with the successful completion of this senior credit facility, which heightens our liquidity position and enhances our ability to invest in our growth opportunities. We had high caliber financial institutions subscribing to this transaction and the strong demand and recognition for our credit is a testament to Equinix’s operating performance and credit strength," said Keith Taylor, chief financial officer for Equinix.

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