FOSTER CITY, Calif. & SINGAPORE--(BUSINESS WIRE)--Equinix, Inc. (Nasdaq:EQIX - News), a provider of global data center services,
today announced that its wholly-owned Asia Pacific subsidiaries in
Australia, Hong Kong, Japan and Singapore (the “Borrowers”) have
appointed DBS Bank Ltd, ING Bank N.V., Singapore Branch, The Royal Bank
of Scotland N.V. and GE Commercial Finance (Hong Kong) Ltd. to
underwrite and arrange an approximate US$170 million Multicurrency
Syndicated Term Loan Facility (the “Facility”).
The loan agreement was signed on 10 March 2010 with proceeds to be used
to support the company’s development plans for the Asia Pacific region,
including the refinancing of approximately US$81 million of existing
debt (original principal amount of approximately US$120 million),
capital expenditures and general corporate purposes of the Borrowers.
Following syndication efforts, additional lenders may join the Facility
and the size of the Facility may be increased.
Equinix continues to experience strong growth within the Asia-Pacific
region. In 2009, Equinix Asia Pacific opened a second IBX data center in
both Singapore and Sydney, as well as expanded its Hong Kong data center
with the development of phase 4.
About Equinix
Equinix, Inc. (Nasdaq: EQIX - News) provides global data center services that
ensure the vitality of the information-driven world. Global enterprises,
content and financial companies, and network service providers rely upon
Equinix’s insight and expertise to protect and connect their most valued
information assets. Equinix operates 49 International Business Exchange™
(IBX®) data centers across 18 markets in North America, Europe and
Asia-Pacific.
Important information about Equinix is routinely posted on the investor
relations page of its website located at www.equinix.com/investors.
We encourage you to check Equinix’s website regularly for the most
up-to-date information.
This press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors that
might cause such differences include, but are not limited to, the
challenges of acquiring, operating and constructing IBX centers and
developing, deploying and delivering Equinix services; unanticipated
costs or difficulties relating to the integration of companies we have
acquired or will acquire into Equinix; a failure to receive significant
revenue from customers in recently built out or acquired data centers;
failure to complete any financing arrangements contemplated from time to
time; competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay new or
outstanding indebtedness; the loss or decline in business from our key
customers; and other risks described from time to time in Equinix's
filings with the Securities and Exchange Commission. In particular, see
Equinix's recent quarterly and annual reports filed with the Securities
and Exchange Commission, copies of which are available upon request from
Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc. International
Business Exchange is a trademark of Equinix, Inc.
