Equinix Inc.'s Unsecured Notes Rated 'BBB+'

NEW YORK (S&P Global Ratings) Feb. 19, 2026--S&P Global Ratings today assigned its ?BBB+? issue-level rating to the proposed unsecured notes (amount to be determined) issued by U.S.-based data center service provider Equinix Inc. ?s wholly owned core financing subsidiaries, Equinix Europe 2 Financing Corp. LLC and Equinix Asia Financing Corp Pte Ltd. Neither entity holds any material operating assets. Parent Equinix will guarantee the proposed notes, which will rank equally with its other unsecured debt, totaling about $20 billion, excluding about $2.3 billion of finance leases. Equinix plans to use proceeds to refinance notes maturing in 2026 and fund opportunistic land purchases and development capital expenditure. We view the transaction as credit neutral because our base-case scenario already assumed

...February 19, 2026 NEW YORK (S&P Global Ratings) Feb. 19, 2026--S&P Global Ratings today assigned its `###+' issue-level rating to the proposed unsecured notes (amount to be determined) issued by U.S.- based data center service provider Equinix Inc.'s wholly owned core financing subsidiaries, Equinix Europe 2 Financing Corp. LLC and Equinix Asia Financing Corp Pte Ltd. Neither entity holds any material operating assets. Parent Equinix will guarantee the proposed notes, which will rank equally with its other unsecured debt, totaling about $20 billion, excluding about $2.3 billion of finance leases. Equinix plans to use proceeds to refinance notes maturing in 2026 and fund opportunistic land purchases and development capital expenditure. We view the transaction as credit neutral because our base-case scenario already assumed S&P Global Ratings-adjusted debt to EBITDA in the 4x-4.5x range over the next 2-3 years, consistent with our expected range for the rating. We anticipate Equinix will...

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