Equinix amends senior credit facility

REDWOOD CITY, USA: Equinix, Inc., interconnection and data center company, announced it has amended its senior secured credit facility comprised of a $550,000,000 multi-currency revolving credit facility and a $200,000,000 term loan facility.

Equinix amended the credit facility to allow the company greater flexibility to make pre-REIT conversion purge distributions and post-REIT conversion cash dividends necessary to comply with REIT rules and regulations if the company is successful in its REIT conversion. The company also amended certain financial covenants to provide greater operational flexibility.

Keith Taylor, CFO for Equinix said: "With these positive amendments and enhanced flexibility to our credit facility, we continue to undertake key steps to strengthen our balance sheet and position ourselves for our proposed REIT conversion which is expected to take place in January 2015."