Equinix Inc. Proposed EUR500 Million Seven-Year Term Loan B Rated 'BBB-' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research

Equinix Inc. Proposed EUR500 Million Seven-Year Term Loan B Rated 'BBB-' (Recovery Rating: '1')

Equinix Inc. Proposed EUR500 Million Seven-Year Term Loan B Rated 'BBB-' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research
Equinix Inc. Proposed EUR500 Million Seven-Year Term Loan B Rated 'BBB-' (Recovery Rating: '1')
Published Dec 08, 2016
3 pages (1210 words) — Published Dec 08, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Dec. 8, 2016--S&P Global Ratings today assigned its 'BBB-' issue-level rating to Redwood City, Calif data center provider Equinix Inc.'s proposed €500 million seven-year term loan B. The recovery rating is '1' indicating our expectation for very high (90%-100%) recovery for secured creditors in the event of a payment default. The 'BB+' corporate credit rating and stable outlook on Equinix remain unchanged. We expect the company to use proceeds from the proposed term loan along with a mix of senior notes and equity to fund the $3.6 billion purchase of 29 data centers from Verizon. For more complete analysis please see our bulletin published Dec. 6, 2016 on RatingsDirect titled "Equinix Inc. Ratings Not Affected

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Ticker
173150Q
Issuer
Equinix Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Equinix Inc. Proposed EUR500 Million Seven-Year Term Loan B Rated 'BBB-' (Recovery Rating: '1')" Dec 08, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Equinix-Inc-Proposed-EUR500-Million-Seven-Year-Term-Loan-B-Rated-BBB-Recovery-Rating-1-1770888>
  
APA:
S&P Global Ratings’ Credit Research. (). Equinix Inc. Proposed EUR500 Million Seven-Year Term Loan B Rated 'BBB-' (Recovery Rating: '1') Dec 08, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Equinix-Inc-Proposed-EUR500-Million-Seven-Year-Term-Loan-B-Rated-BBB-Recovery-Rating-1-1770888>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.