Equinix, Inc. (Nasdaq: EQIX), colocation, connectivity and interconnectivity global provider, announced the closing of its $ 1.5 billion over five years installing senior secured credit with a syndicate of eleven financial institutions.
The senior credit facility consists of a revolving credit facility of $ 1.0 billion secured credit first rank and multi-currency term loan facility amortization 500, 0 guaranteed senior $ millions. Equinix has borrowed the full amount of the term loan facility of $ 500.0 million at closing.
Potential Acquisitions
Part of the proceeds of the term loan facility of $ 500.0 million was used by Equinix to refinance existing debt (including debt under former $ 750.0 million secured senior credit facility Equinix, which has been discontinued and replaced with the new credit facility guaranteed $ 1.5 billion of senior) and pay fees and expenses incurred in connection with the closing of the senior credit facility.
on global colocation provider intends to use the proceeds of the remaining term loan facility and proceeds from borrowings under the revolving credit facility for general corporate purposes, which may include potential acquisitions and strategic transactions.
Bank of America Merrill Lynch, JP Morgan Securities LLC and TD Securities (USA) LLC acted as lead arrangers seal and book runners, JPMorgan Chase Bank, NA and TD Securities (USA) LLC acted as agents co -syndication, and Barclays Bank PLC, Citibank, NA, Royal Bank of Canada and ING Bank NV, Singapore Branch, acted as co-documentation agents for ease senior credit. Bank of America, NA is the administrative agent for the senior credit facility.
"We are pleased with the success of the senior credit facility, increasing our liquidity position and enhances our ability to invest in our growth opportunities," said Keith Taylor CFO of Equinix . "We had high caliber financial institutions subscribing to this operation and the high demand and recognition of our credit is a testament to the operating performance and credit Equinix constant force."
Agreement IBM SoftLayer
at the same time, Equinix has announced an agreement with IBM SoftLayer to provide businesses with direct access to the entire cloud services portfolio SoftLayer cloud hosting via Exchange Equinix in new world markets spanning the Americas, Europe and Asia Pacific.
Equinix also announced Cloud Exchange upgrades, including API functionality which would make it easier for service providers to use a single interface for the exchange cloud, resulting in scalable connectivity , private and secure their cloud services provisioning with near real-time accommodation.
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