Equinix, Inc. (Nasdaq:EQIX) announced that it has entered into a $150 million unsecured revolving credit facility. The revolver, which has a five-year maturity to September 2016, allows for borrowing, repayments and re-borrowing over the entire five-year term and provides a sublimit within the revolver for the issuance of letters of credit of up to $100 million and swing line borrowings of up to $25 million. Borrowings under the revolver carry an interest rate of US$ LIBOR plus an applicable margin ranging from 1.25% to 1.75% p.a., which varies as a function of the Company's senior leverage ratio.
Equinix, Inc. provides network neutral data center services to enterprises, content providers, financial services companies, and network service providers.
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