Key Developments: Equinix Inc (EQIX.O)

EQIX.O on Nasdaq

233.16USD
24 Dec 2014
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$1.18 (+0.51%)
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Latest Key Developments (Source: Significant Developments)

Equinix completes $1.5 bln senior credit facility
Thursday, 18 Dec 2014 04:20pm EST 

Equinix, Inc:Closes $1.5 billion five-year senior secured credit facility with a syndicate of eleven financial institutions.Says senior credit facility consists of a $1.0 billion senior secured multi-currency revolving credit facility and a $500.0 million amortizing senior secured term loan facility.Portion of the proceeds from the $500.0 million term loan facility was used by Equinix to refinance existing indebtedness and to pay fees and expenses incurred in connection with the closing of the senior credit facility.Intends to use the remaining proceeds of the term loan facility and the proceeds of borrowings under the revolving credit facility for general corporate purposes.Bank of America Merrill Lynch, J. P. Morgan Securities LLC and TD Securities (USA) LLC acted as joint lead arrangers and book runners.JPMorgan Chase Bank, N.A. and TD Securities (USA) LLC acted as co-syndication agents.Barclays Bank PLC, Citibank, N.A., Royal Bank of Canada and ING Bank N.V., Singapore Branch, acted as co-documentation agents for the senior credit facility.Bank of America, N.A is the administrative agent for the senior credit facility.  Full Article

Equinix, Inc and IBM accelerate adoption of hybrid cloud computing initiatives
Wednesday, 17 Dec 2014 04:01pm EST 

Equinix, Inc:Says an agreement to provide enterprises direct access to full portfolio of cloud services from SoftLayer, an IBM Company, via the Equinix Cloud Exchange in nine markets worldwide spanning the Americas, Europe and Asia Pacific.Equinix also announced Cloud Exchange enhancements, including API functionality that makes it easier for service providers to use a single interface to the Cloud Exchange, resulting in scalable, private and secure connections to their cloud services with near real-time provisioning.  Full Article

Equinix Inc announces pricing of $1.25 billion public offering of senior notes
Monday, 17 Nov 2014 11:30pm EST 

Equinix Inc:Says that it has priced an offering of $750 million aggregate principal amount of its 5.375 pct. senior notes due 2022.And $500 million aggregate principal amount of its 5.750 pct. senior notes due 2025, an increase in combined aggregate principal amount from the $1 billion offering of notes previously announced.Says the offering is being made pursuant to an automatically effective shelf registration statement on file with the Securities and Exchange Commission.Says the offering is expected to close on Nov. 20, 2014.  Full Article

Equinix Inc proposes $1 bln public offering of senior notes
Monday, 17 Nov 2014 07:59am EST 

Equinix Inc:Intends to offer, subject to market and other conditions, $1 bln aggregate principal amount of senior notes due 2021 and senior notes due 2024 pursuant to an automatically effective shelf registration statement on file with the Securities and Exchange Commission.Notes will be Equinix's general senior obligations and will rank equal in right of payment to all of existing and future senior indebtedness and interest will be payable semi-annually.Intends to use the net proceeds from this offering to redeem its outstanding 7.00 pct Senior Notes due 2021 pursuant to the redemption provisions of such notes and for general corporate purposes.General corporate purposes, which may include capital expenditures, distributions to stockholders in connection with proposed conversion to a real estate investment trust, working capital and potential acquisitions and strategic transactions.J.P. Morgan, BofA MerrillLynch, Barclays and Citigroup are acting as joint book-running managers and Deutsche Bank Securities, Evercore ISI, Goldman, Sachs & Co., RBC Capital Markets and TD Securities are acting as co-managers for the offering.  Full Article

Equinix Inc and Datapipe collaborate to deliver hybrid IT solutions for enterprises
Tuesday, 11 Nov 2014 08:00am EST 

Equinix Inc and Datapipe:Inks collaboration to provide managed Hybrid IT Solutions for Amazon Web Services (AWS).Solution leverages Equinix's global footprint of more than 100 International Business Exchange (IBX) data centers and combines Equinix's Cloud Exchange interconnection solution with Datapipe's managed services and AWS platform.Integrated solution gives enterprise customers unprecedented security, choice and control for how they architect, build, migrate and manage enterprise applications and workloads in AWS cloud.  Full Article

Equinix Inc gives Q4 2014 outlook in line with analysts' estimates; raises FY 2014 revenue outlook; narrows FY 2014 EBITDA outlook
Wednesday, 29 Oct 2014 04:15pm EDT 

Equinix Inc:Raises FY 2014 annual guidance for revenues to range between $2,433.0 and $2,437.0 million and adjusted EBITDA to range between $1,110.0 and $1,114.0 million.Expects Q4 2014 revenues to range between $627.0 and $631.0 million.Says Q4 2014 adjusted EBITDA is expected to range between $291.0 and $295.0 million.Q4 2014 revenue of $628.9 mln, EBITDA of $292.2 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $2,429.1 mln and EBITDA of $1,111.7 mln - Thomson Reuters I/B/E/S.  Full Article

Equinix Inc declares special distribution
Thursday, 16 Oct 2014 04:15pm EDT 

Equinix Inc:Declares special distribution of $416.0 mln, or about $7.57 per share based on the number of shares currently outstanding, to its common stockholders in connection with Equinix's previously announced plan to convert to a real estate investment trust.  Full Article

Equinix Inc and XO Communications collaborate
Thursday, 4 Sep 2014 08:00am EDT 

Equinix Inc:Company and XO Communications announced an agreement.Says agreement to provide enterprises with dedicated connectivity to multiple cloud service providers through Equinix Cloud Exchange.Says Equinix Cloud Exchange, an advanced interconnection solution that enables seamless on-demand and direct access to multiple clouds and multiple networks inside Equinix International Business Exchange (IBX) data centers.  Full Article

Equinix Inc gives Q3 2014 outlook below analysts' estimates; updates on FY 2014 outlook
Wednesday, 30 Jul 2014 04:01pm EDT 

Equinix Inc:Expects Q3 2014 revenues to range between $614.0 and $618.0 mln.Expects Q3 2014 adjusted EBITDA to range between $278.0 and $282.0 mln.Expects FY 2014 revenues to range between $2,425.0 and $2,435.0 mln.Expects FY 2014 adjusted EBITDA to range between $1,105.0 and $1,115.0 mln.Q3 2014 revenue of $606.2 mln, EBITDA of $281.1 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $2,405.3 mln, EBITDA of $1,107 mln - Thomson Reuters I/B/E/S.  Full Article

Equinix completes acquisition of ALOG
Thursday, 24 Jul 2014 04:38pm EDT 

Equinix Inc:Closed a definitive agreement to complete the 100 percent acquisition of ALOG Data Centers of Brazil S.A. in an all cash transaction of $225 million.Purchased the remaining 47 percent stake and will integrate the company into Equinix.  Full Article

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