Equinix closes $150 million five-year revolver at Libor plus 175 bps

By Susanna Moon

Chicago, Oct. 6 - Equinix, Inc. said it entered into a $150 million unsecured revolving credit facility due September 2016. The facility carries a sublimit of up to $100 million for letters of credit and up to $25 million for swingline loans.

Interest will be Libor plus 125 basis points to 175 bps, and an unused fee will be 30 bps to 40 bps. Both are based on leverage.

Interest under the revolver currently is 1.99%, equivalent to Libor plus 175 bps.

There is also an accordion feature for up to $100 million, subject to lender approval and based on market conditions, according to a company news release.

Lenders include Wells Fargo Bank, NA and HSBC Bank USA, NA.

Equinix is a Foster City, Calif.-based data services company.

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