Equinix amends facility to convert U.S. loan into foreign currencies

By Tali Rackner

Norfolk, Va., April 30 – Equinix, Inc. amended its senior credit facility on Thursday convert the $490 million outstanding amount of the $500 million term loan facility to a roughly equivalent amount denominated in euros, pounds sterling, Swiss francs and Japanese yen, according to an 8-K filing with the Securities and Exchange Commission.

In connection with the amendment, Equinix prepaid the balance of the term loan facility and immediately reborrowed roughly the same amount denominated in the foreign currencies.

The $1.5 billion facility, dated Dec. 17, 2014, also includes a $1 billion senior secured multicurrency revolving credit facility.

Bank of America, NA is the administrative agent, a lender and letter-of-credit issuer; JPMorgan Chase Bank, NA and TD Securities (USA) LLC are co-syndication agents; Barclays Bank plc, Citibank, NA, Royal Bank of Canada and ING Bank NV, Singapore Branch are co-documentation agents; and Bank of America Merrill Lynch, J.P. Morgan Securities LLC and TD Securities (USA) LLC are joint lead arrangers and bookrunners.

Equinix is a Redwood City, Calif.-based interconnection and data center company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.