Equinix secures EUR1.0bn of new term debt

Global interconnection and data center company Equinix, Inc. (Nasdaq: EQIX) has borrowed the full EUR1.0bn in additional senior secured term B loans as previously announced in its Form 8-K filed December 27, 2016, the company said.

Equinix expects to use the proceeds of the loans to pay a portion of the purchase price for its acquisition of a portfolio of data center sites and their operations from Verizon Communications Inc.

In addition to the EUR1.0bn borrowing, Equinix decreased the borrowing cost of its existing senior secured term loan B facility.

Bank of America Merrill Lynch acted as left lead arranger for the transactions.

Equinix connects the world´s leading businesses to their customers, employees and partners inside the most interconnected data centers. In 40 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.