Equinix to fully repay term B-2 loan borrowings with new note proceeds

By Tali Rackner

Minneapolis, Dec. 5 – Equinix, Inc. plans to fully repay its term B-2 loan using the proceeds from a new senior note offering and cash on hand, according to a 424B5 filing with the Securities and Exchange Commission.

As of Sept. 30, there was €995 million – or about $1,175,600,000 – outstanding under the term B-2 loan.

Loan proceeds, in addition to senior notes and common stock, were used to fund the company’s acquisition of Verizon Communications Inc.’s colocation business in the United States, Brazil and Colombia.

Equinix is a Redwood City, Calif.-based data services company.

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