Fitch gives Equinix notes BB/RR4

Fitch Ratings said it assigned a rating of BB/RR4 to Equinix, Inc.'s recently announced €750 million senior note issuance.

The company’s long-term issuer default rating is BB/stable.

Equinix announced it is seeking to raise the new senior notes to support its near-term growth needs. Proceeds will be used for general corporate purposes including capital expenditures and working capital as well as potential acquisitions and/or strategic transactions.

Fitch said it views the debt issuance transaction as in line with the agency's current rating case; however, the agency would look for the company to reduce its leverage over the next 12 to 18 months.

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