Equinix Asia Pacific Appoints Lenders to Fund Regional Plans
March 16 2010 - 4:33PM
Business Wire
Equinix, Inc. (Nasdaq:EQIX), a provider of global data center
services, today announced that its wholly-owned Asia Pacific
subsidiaries in Australia, Hong Kong, Japan and Singapore (the
“Borrowers”) have appointed DBS Bank Ltd, ING Bank N.V., Singapore
Branch, The Royal Bank of Scotland N.V. and GE Commercial Finance
(Hong Kong) Ltd. to underwrite and arrange an approximate US$170
million Multicurrency Syndicated Term Loan Facility (the
“Facility”).
The loan agreement was signed on 10 March 2010 with proceeds to
be used to support the company’s development plans for the Asia
Pacific region, including the refinancing of approximately US$81
million of existing debt (original principal amount of
approximately US$120 million), capital expenditures and general
corporate purposes of the Borrowers. Following syndication efforts,
additional lenders may join the Facility and the size of the
Facility may be increased.
Equinix continues to experience strong growth within the
Asia-Pacific region. In 2009, Equinix Asia Pacific opened a second
IBX data center in both Singapore and Sydney, as well as expanded
its Hong Kong data center with the development of phase 4.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center
services that ensure the vitality of the information-driven world.
Global enterprises, content and financial companies, and network
service providers rely upon Equinix’s insight and expertise to
protect and connect their most valued information assets. Equinix
operates 49 International Business Exchange™ (IBX®) data centers
across 18 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the
investor relations page of its website located at
www.equinix.com/investors. We encourage you to check Equinix’s
website regularly for the most up-to-date information.
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, the challenges of acquiring, operating and
constructing IBX centers and developing, deploying and delivering
Equinix services; unanticipated costs or difficulties relating to
the integration of companies we have acquired or will acquire into
Equinix; a failure to receive significant revenue from customers in
recently built out or acquired data centers; failure to complete
any financing arrangements contemplated from time to time;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from our key customers; and other risks described from time to time
in Equinix's filings with the Securities and Exchange Commission.
In particular, see Equinix's recent quarterly and annual reports
filed with the Securities and Exchange Commission, copies of which
are available upon request from Equinix. Equinix does not assume
any obligation to update the forward-looking information contained
in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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