Summary
Equinix, Inc. (EQIX) filed an 8-K report on October 30, 2007, announcing its financial results for the quarter ended September 30, 2007, via a press release (Exhibit 99.1). While the specific financial figures are not detailed in this 8-K, the filing indicates that Equinix released non-GAAP information and will hold a conference call to discuss these results. Separately, the company disclosed a new financial obligation through its wholly-owned subsidiary Equinix (UK) Ltd. On October 25, 2007, this subsidiary borrowed an additional £6,000,000 (approximately $12.3 million) under its existing Senior Facilities Agreement. This increases the total outstanding debt under this agreement to approximately £38,621,000 (approximately $79.2 million) at a blended interest rate of 7.62%. This facility is crucial for funding Equinix's European operations and became an indirect obligation of Equinix following its acquisition of IXEurope plc.
Key Highlights
- 1Equinix released its Q3 2007 financial results on October 30, 2007, via press release.
- 2The company will host a conference call to discuss the Q3 2007 financial results.
- 3Equinix (UK) Ltd. borrowed an additional £6,000,000 (approx. $12.3M) on October 25, 2007.
- 4This borrowing increases the total outstanding under the Senior Facilities Agreement to approx. £38,621,000 (approx. $79.2M).
- 5The blended interest rate on the Senior Facilities Agreement is approximately 7.62%.
- 6The Senior Facilities Agreement is used to fund Equinix's European operations.
- 7This debt became an indirect obligation of Equinix after the acquisition of IXEurope plc.