Equinix Inc.'s Senior Secured Loan Is Rated 'BBB-' (Recovery: 1); Senior Unsecured Notes Rated 'BB' (Recovery: 3H

NEW YORK (Standard&Poor's) Nov. 17, 2015--Standard&Poor's Ratings Services today assigned its 'BBB-' issue-level rating to Redwood City, Calif.- Equinix Inc.'s proposed seven-year term loan B. The term loan commitment will be up to $700 million and will be available in U.S. dollars or British pound sterling (GBP). The recovery rating is '1' and indicates our expectation for very high (90% to 100%) recovery for secured creditors in the event of a payment default. The 'BBB-' issue-level rating and '1' recovery rating on the existing credit facility remain unchanged. At the same time, we assigned our 'BB' issue-level rating and '3' recovery rating to the company's proposed $1 billion senior unsecured notes that we expect will be

...NEW YORK (Standard & Poor's) Nov. 17, 2015--Standard & Poor's Ratings Services today assigned its '###-' issue-level rating to Redwood City, Calif.- Equinix Inc.'s proposed seven-year term loan B. The term loan commitment will be up to $700 million and will be available in U.S. dollars or British pound sterling (GBP). The recovery rating is '1' and indicates our expectation for very high (90% to 100%) recovery for secured creditors in the event of a payment default. The '###-' issue-level rating and '1' recovery rating on the existing credit facility remain unchanged. At the same time, we assigned our '##' issue-level rating and '3' recovery rating to the company's proposed $1 billion senior unsecured notes that we expect will be issued in two tranches. The '3' recovery rating indicates our expectation for meaningful (50%-70%; upper end of range) recovery for lenders in the event of a payment default. The '##' corporate credit rating and stable outlook on Equinix remain unchanged. We expect...

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