EQUINIX, INC. (NASDAQ:EQIX) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantItem 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant
On January 6, 2017, Equinix, Inc. (“Equinix”) borrowed the full amount of the €1.0 billion term loan commitment (the “Term B-2 Commitment”) made available to it under the Credit Agreement dated as of December 17, 2014, among Equinix, as borrower, certain subsidiaries of Equinix, as guarantors, a syndicate of financial institutions, as lenders, Bank of America, N.A., as administrative agent, a lender and L/C issuer, and various financial institutions, as joint lead arrangers and book runners, as amended by a first amendment dated as of April 30, 2015, a second amendment dated as of December 8, 2015 and a third amendment dated as of December 22, 2016.
The loan made to Equinix under the Term B-2 Commitment (the “Term B-2 Loan”) will bear interest at an index rate based on EURIBOR plus a margin of 3.25%. No original issue discount is applicable to the Term B-2 Loan. As disclosed under Item 1.01 of Equinix’s Current Report on Form 8-K filed on December 27, 2016, the Term B-2 Loan must be repaid in equal quarterly installments of 0.25% of the original principal amount of the Term B-2 Loan, with the remaining amount outstanding to be repaid in full on the seventh anniversary of the funding date of the Term B-2 Loan.
About EQUINIX, INC. (NASDAQ:EQIX)
Equinix, Inc. is engaged in connecting companies to their customers and partners inside the interconnected data centers. The Company operates in three segments: Americas; Europe, the Middle East and Africa, and Asia-Pacific. The Company’s platform Equinix combines a footprint of International Business Exchange (IBX) data centers, interconnection opportunities and ecosystems. It offers colocation, interconnection solutions, and managed Information Technology infrastructure and professional services. Its Colocation offerings include cabinets, power and IBXflex. Its Interconnection offerings include Physical Cross Connect/Direct Interconnections, Equinix Internet Exchange, Equinix Metro Connect, Internet Connectivity Services, Equinix Cloud Exchange and Equinix Performance Hub. Its Equinix Professional Services include Cloud Consulting Services, Global Solutions Architects, Solution Validation Centers, Smart Hands Services, Equinix Customer Portal and Business Continuity Trading Rooms. EQUINIX, INC. (NASDAQ:EQIX) Recent Trading Information
EQUINIX, INC. (NASDAQ:EQIX) closed its last trading session up +1.88 at 372.36 with shares trading hands.