Moody's assigns Ba2 to Equinix's proposed Term Loan
New York, December 08, 2016-- Moody's Investors Service, has assigned a Ba2 rating to Equinix, Inc.' s proposed EUR500 million senior secured Term Loan B. The proceeds raise will be used to prefund a portion of Equinix's proposed $3.6 billion purchase of certain data centers from Verizon Communications Inc. or general corporate purposes. Moody's anticipates that Equinix will complete the acquisition of assets from Verizon by mid-2017 and expects Equinix to raise additional...
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