Summary
Equinix, Inc. (EQIX) reported on July 8, 2008, an additional borrowing under its Senior Facilities Agreement. This filing pertains to an event on July 3, 2008, where Equinix (Germany) GmbH, a subsidiary, drew an additional 500,000 Euros (approximately $785,000 USD) under its existing £82,000,000 Senior Facilities Agreement. This facility is designated for funding current and future European operations. The incremental borrowing brings the total outstanding under the agreement to approximately £65,978,000 (roughly $130,799,000 USD) with a blended interest rate of about 7.51%. This facility became an indirect obligation of Equinix following its acquisition of IXEurope plc in September 2007. This event highlights the ongoing financing activities for Equinix's European expansion and operational needs.
Key Highlights
- 1Equinix (Germany) GmbH, a subsidiary, drew an additional 500,000 Euros (approx. $785,000 USD) on July 3, 2008.
- 2The additional borrowing is under the existing £82,000,000 Senior Facilities Agreement, dated June 29, 2007.
- 3The Senior Facilities Agreement is used to fund Equinix's operations in Europe.
- 4Total borrowings under the agreement increased to approximately £65,978,000 (approx. $130,799,000 USD) as of July 3, 2008.
- 5The blended interest rate on the total borrowings is approximately 7.51%.
- 6This debt became an indirect obligation of Equinix due to the acquisition of IXEurope plc in September 2007.