Key Developments: Equinix Inc (EQIX.O)
214.08USD
24 May 2013
$-1.23 (-0.57%)
$215.31
$214.62
$216.00
$211.54
770,812
729,011
$231.56
$154.16
Latest Key Developments (Source: Significant Developments)
Equinix Inc Reaffirms FY 2013 Guidance
Equinix Inc reaffirmed fiscal 2013 guidance and expects revenues to be greater than $2.200 billion and adjusted EBITDA to be greater than $1.010 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.221 billion and EBITDA of $1.24 billion for fiscal 2013. Full Article
Elastichosts Enters Asia-Pacific With Equinix Inc's Platform
Equinix Inc announced that Elastichosts, a global Cloud Server provider, has deployed in Equinix’s International Business Exchange (IBX) data center in Hong Kong. This enables the company to provide its easy-to-use, pay-as-you-go Cloud Servers to businesses throughout the Asia-Pacific region. Elastichosts is leveraging Equinix’s network density and cloud ecosystem to grow its business in Hong Kong, as well as in neighboring countries such as Taiwan, China, Singapore, and the rest of ASEAN (Association of South East Asian Nations). Full Article
Equinix Inc Announces Pricing of $1.5 Billion Public Offering of Senior Notes
Equinix Inc announced that it has priced an offering of $500 million aggregate principal amount of its 4.875% senior notes due 2020 (the “2020 Notes”) and $1,000 million aggregate principal amount of its 5.375% senior notes due 2023 (the “2023 Notes,” and, together with the 2020 Notes, the “Notes”), an increase in combined aggregate principal amount from the $1 billion offering of notes previously announced. The offering is being made pursuant to an automatically effective shelf registration statement on file with the Securities and Exchange Commission (SEC). The offering is expected to close on March 5, 2013. The notes will be Equinix’s general senior obligations and will rank equal in right of payment to all of its existing and future senior indebtedness. Interest will be payable semi-annually at a rate of 4.875% per year for the 2020 Notes and 5.375% per year for the 2023 Notes. The net proceeds to Equinix from this offering will be approximately $1.48 billion after deducting underwriting discounts and estimated offering expenses payable by it. Equinix intends to use the net proceeds from this offering to redeem its outstanding 8.125% Senior Notes due 2018 pursuant to the optional redemption provisions of such notes and for general corporate purposes, which may include capital expenditures, distributions to its stockholders in connection with its proposed conversion to a REIT, working capital and potential acquisitions and strategic transactions. Full Article
Equinix Inc Proposes $1 Billion Public Offering Of Senior Notes
Equinix Inc announced that it intends to offer, $1 billion aggregate principal amount of senior notes due 2020 and senior notes due 2023 under an automatically effective shelf registration statement on file with the Securities and Exchange Commission (SEC). The 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. The interest rate, offering price and other terms of the notes will be determined by Equinix and the underwriters. Equinix intends to use the net proceeds from this offering to redeem outstanding 8.125% Senior Notes due 2018 pursuant to the optional redemption provisions of such notes and for general corporate purposes, which may include capital expenditures, distributions to stockholders in connection with proposed conversion to a REIT, working capital and potential acquisitions and strategic transactions. J.P. Morgan, Barclays, Citigroup, BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers and Evercore Partners, Goldman, Sachs & Co., HSBC, RBC Capital Markets and UBS Investment Bank are acting as co-managers for the offering. Full Article
Equinix Inc Reiterates FY 2013 Guidance
Equinix Inc reiterated its fiscal 2013 annual guidance of revenues to be greater than $2.200 billion and adjusted EBITDA to be greater than $1.010 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.221 billion and EBITDA of $1.032 billion for fiscal 2013. Full Article
ChinaCache Expands Presence in Asia With Equinix Inc's Platform
Equinix Inc announced that ChinaCache , the total solutions provider of Internet content and application delivery services in China, has expanded its services in Asia-Pacific with Platform Equinix. This new deployment in Equinix's International Business Exchange (IBX) data center in Hong Kong, in addition to ChinaCache's presence in eight existing Equinix locations worldwide, allows customers to access ChinaCache's services in key markets across three major continents including New York, Washington D.C., Silicon Valley, Dallas, Chicago, Los Angeles, Seattle, Paris and Hong Kong. Full Article
IPC Deploys Equinix, Inc.'s International Business Exchange Data Centers In Sydney, Singapore, Hong Kong And Tokyo
Equinix, Inc. announced that IPC Systems, Inc., a provider of voice and electronic trading communications solutions, will deploy in Equinix's International Business Exchange (IBX) data centers in Sydney, Singapore, Hong Kong and Tokyo to offer trading communication solutions to address the growing demand for smarter and faster trading in key financial centers in Asia-Pacific. Full Article
MIAX Selects Equinix Inc For New Options Exchange Trading Platform
Equinix Inc announced that the MIAX Options Exchange (MIAX) has selected Equinix International Business Exchange (IBX) data centers for primary, backup and disaster recovery sites for new options exchange trading platform. MIAX, the newest U.S. equity options exchange, successfully launched trading operations on December 7, 2012. Full Article
Equinix Inc Completes Divestiture Of 16 U.S. Data Centers
Equinix Inc announced it has completed the sale of 16 International Business Exchange (IBX) data centers located throughout the United States to an investment group consisting of 365 Main, Crosslink Capital, Housatonic Partners and Brightwood Capital. With the close of the transaction, Equinix exits nine markets, including Buffalo, Cleveland, Detroit, Indianapolis, Nashville, Phoenix, Pittsburg, St. Louis and Tampa. Equinix will retain a presence in the remaining seven markets – Chicago, Dallas, New York, Philadelphia, Reston, Seattle and Silicon Valley – where it currently has sufficient capacity to meet customer demand. In addition, the Equinix customers deployed in the 16 data centers have been transferred to 365 Main, and key employees who have experience with these sites have joined 365 Main to facilitate a seamless transition and ongoing support for customers. Full Article
Equinix Inc Updates FY 2012 Revenue Guidance; Reaffirms FY 2012 EBITDA Guidance; Issues FY 2013 Guidance In Line With Analysts' Estimates
Equinix Inc announced that for fiscal 2012, it expects revenue to be in the range of $1,890.0-$1,895.0 million and adjusted EBITDA to range between $880.0-$885.0 million. For fiscal 2013, it expects revenues to be greater than $2,200.0 million and adjusted EBITDA to be greater than $1,010.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1,923 million and EBITDA of $884.5 million for fiscal 2012; revenue of $2,248 million and EBITDA of $1,044 million for fiscal 2013. Full Article
Equinix profit misses estimates
April 24 - Equinix Inc posted a first-quarter profit well below analysts' expectations as its cost of sales jumped 19 percent, and the data center operator forecast weaker-than-expected second-quarter revenue, sending its shares down 7.5 percent.
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