EQUINIX, INC. (NASDAQ:EQIX) Files An 8-K Entry into a Material Definitive Agreement

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EQUINIX, INC. (NASDAQ:EQIX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement

On August15, 2017, Equinix, Inc. (“Equinix”) and certain of its subsidiaries entered into an amendment (the “Amendment”) of the Credit Agreement entered into on December17,2014, among Equinix, as borrower, certain subsidiaries of Equinix, as guarantors, a syndicate of financial institutions, as lenders (each a “Lender” and together, the “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 on April30, 2015, a second amendment on December8, 2015, and a third amendment on December22, 2016, the “Credit Agreement”).

The Credit Agreement provides for a senior secured credit facility comprised of (i)a US$1.5billion senior secured multi-currency revolving credit facility, (ii)a US$500.0 million senior secured term A loan facility in four foreign currencies and (iii)a senior secured term B loan facility (the “Term Loan B Facility”) consisting of a £300.0million tranche, a US$250.0 million tranche and a €1.0 billion tranche. to the Amendment, (a)the interest rate margin applicable to loans borrowed under the Term Loan B Facility in US Dollars (the “USD Term Loan B Loans”) was reduced from (x)2.50% to 2.00% in the case of USD Term Loan B Loans indexed to LIBOR and (y)1.50% to 1.00% in the case of USD Term Loan B Loans indexed to an alternate base rate, (b)the LIBOR floor applicable to loans borrowed under the Term Loan B Facility in Pounds Sterling (the “GBP Term Loan B Loans”) was reduced from 0.75% to zero and (c)the interest rate margin applicable to loans borrowed under the Term Loan B Facility in Euro (the “Euro Term Loan B Loans” and, together with the USD Term Loan B Loans and the GBP Term Loan B Loans, collectively, the “Term Loan B Loans”) was reduced from 3.25% to 2.50%.

In addition, the Amendment reset the 1.0% call premium payable in connection with subsequent repricings of Term Loan B Loans for (i)a period of six months with respect to the USD Term Loan B Loans and (ii)a period of 12 months with respect to the GBP Term Loan B Loans and the Euro Term Loan B Loans.

All other terms of the Term Loan B Loans remain unchanged.

The foregoing description of the Amendment is only a summary and is qualified in its entirety by reference to the Amendment, a copy of which will be filed as an exhibit to our Quarterly Report on Form 10-Q for the quarter ended September30, 2017.