Equinix, Inc.: Loan Covenant Quality Snapshot
CORPORATES ISSUER IN-DEPTH 16 January 2018 Facility Size; Maturity: Revolver: $1,500m; 17 December 2019 Term B-2: € 1,000m; 6 January 2024 Term B-1: $250,000; £300m; 8 January 2023 Term A: $500m; 17 December 2019 Incremental: $500m plus amount so senior secured leverage ratio ≤ 2.25x Pricing: Revolver: Eurodollar + 1.00% - 1.40%, subject to a pricing grid. TermEquinix provides colocation space and related offerings. The company operates International Business Exchange? (IBX?) data centers across the Americas; Europe, Middle East and Africa and Asia-Pacific geographic regions where customers directly interconnect with a network ecosystem of partners and customers. The company's data center solutions include IBX Data Centers and xScale Data Centers. The company's Interconnection Solution connect businesses within and between its data centers across its global platform. The company's edge services help businesses deploy as-a-service networking, security and hardware across its data center footprint, as an alternative to buying, owning and managing the physical infrastructure.
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