debt
confidence high
sentiment neutral
materiality 0.60
Equinix enters $5.5B senior unsecured revolving credit facility, terminates 2022 credit agreement
EQUINIX INC
- New $5.5B multi-currency revolver matures July 25, 2031; includes sublimits for Swiss Franc and Euro borrowings.
- Borrowings bear interest at SOFR or base rate plus margin; initial margin 77.5 bps for non-base rate loans.
- Facility fee ranges from 7 to 20 bps quarterly; financial covenant limits net funded debt/EBITDA to 6.50x.
- Equinix repaid all obligations under the 2022 credit agreement and terminated it on July 27, 2026.