8-K/AOther EventsExhibits & Filings

EQUINIX INC 8-K/A Report, Corporate Update (Mar 7, 2017)

Filed March 7, 2017For Securities:EQIX

Summary

This Form 8-K/A filing from Equinix (EQIX) on March 7, 2017, serves as an amendment to a previous filing dated December 6, 2016. The primary purpose of this amendment is to provide crucial financial statements and pro forma information related to Equinix's announced acquisition of Verizon's colocation services business. This transaction involves 24 data center sites across the United States, Brazil, and Colombia, with a reported cash purchase price of $3.6 billion, subject to adjustments. Investors should note that this filing provides the necessary financial disclosures to support the significant acquisition. The included exhibits contain audited financial statements for the acquired Verizon business and Telecity Group Limited, as well as unaudited pro forma financial information reflecting the combined entities. While the acquisition was announced, Equinix cannot guarantee its consummation, underscoring the importance of monitoring future updates for deal closure status.

Key Highlights

  • 1Equinix (EQIX) filed an amendment (8-K/A) on March 7, 2017, to its December 6, 2016, 8-K regarding the acquisition of Verizon's colocation business.
  • 2The acquisition encompasses 24 data center sites in the U.S., Brazil, and Colombia, including 29 owned or leased buildings.
  • 3The agreed-upon cash purchase price for the Verizon colocation business is $3.6 billion, subject to certain adjustments.
  • 4This amendment provides audited financial statements for the acquired Verizon business and Telecity Group Limited.
  • 5Unaudited pro forma condensed combined financial information is included to illustrate the potential impact of the acquisition.
  • 6Equinix explicitly states that the consummation of the acquisition is not guaranteed, highlighting a degree of uncertainty.
  • 7The filing includes consents from independent accountants for both Verizon's acquired business and Telecity Group.

Frequently Asked Questions

The main purpose of this 8-K/A filing is to provide investors with essential financial statements and pro forma information related to Equinix's previously announced acquisition of Verizon's colocation services business. It supplements the initial 8-K filing from December 2016.

Equinix is acquiring Verizon's colocation services business, which includes 24 data center sites located in the United States, Brazil, and Colombia. This comprises 29 owned or leased data center buildings.

The reported cash purchase price for the acquisition of Verizon's colocation business is $3.6 billion, which is subject to certain adjustments as per the transaction agreement.

No, Equinix explicitly states in the filing that they cannot assure the consummation of the acquisition. Investors should be aware that there is a possibility the deal may not be completed.