FOSTER CITY, CA and SINGAPORE – March 16, 2010 – Equinix, Inc. (NASDAQ:EQIX, news, filings), 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.
Equinix, Inc. (NASDAQ: EQIX) 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.
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Forward Looking Statements
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.