Loan & DebtJul 29, 2026, 04:26 PM
Equinix Secures $5.5B Multi-Currency Revolving Credit Facility
AI Summary
Equinix, Inc. has entered into a new Credit Agreement for a $5.5 billion senior unsecured multi-currency revolving credit facility. This facility, maturing on July 25, 2031, provides Equinix and its European financing subsidiaries with significant financial flexibility. The funds are designated for general corporate purposes, including working capital, capital expenditures, acquisitions, dividends, and stock buybacks, and include a sublimit for letters of credit.
Key Highlights
- Equinix secured a $5.5 billion senior unsecured multi-currency revolving credit facility.
- The Revolving Facility has a maturity date of July 25, 2031.
- It allows borrowing in U.S. Dollars and various Alternative Currencies (Euro, Sterling, Yen, etc.).
- Finco 1 has a Swiss Franc sublimit of $1 billion equivalent, Finco 2 has a Euro sublimit of $5.5 billion equivalent.
- Proceeds are for working capital, capital expenditures, acquisitions, dividends, stock buybacks, and general corporate purposes.
- Includes a $1.5 billion sublimit for standby letters of credit and bank guarantees.
- Interest rates are based on Term SOFR, Daily SOFR, or Base Rate plus an Applicable Margin.
- A financial covenant requires a consolidated net funded debt to adjusted EBITDA ratio not greater than 6.50 to 1.00.
Price Impact
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