Equinix Enters $5.5 Billion Revolving Credit Facility

Equinix entered a senior unsecured, multi-currency revolving credit agreement with a syndicate of lenders, administered by Bank of America, with commitments totaling $5.5 billion and maturity on July 25, 2031. The facility can support working capital, capital expenditures, acquisitions, dividends, stock buybacks and other corporate purposes, with a $1.5 billion letter-of-credit sublimit; Equinix must maintain a net funded debt-to-adjusted EBITDA ratio of no more than 6.50 to 1.00, subject to a temporary increase to 7.00 to 1.00 after certain acquisitions.