...July 30, 2026 NEW YORK (S&P Global Ratings) July 30, 2026--S&P Global Ratings today assigned its '###+' issue-level rating to U.S.-based data center service provider Equinix Inc.'s proposed senior unsecured notes. Equinix is also issuing one tranche from wholly owned core financing subsidiary, Equinix Europe 2 Financing Corp. LLC. The subsidiary doesn't hold 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 billion of finance leases. Equinix plans to use proceeds to acquire additional properties or businesses, fund development opportunities, bolster working capital, and for general corporate purposes including but not limited to refinancing upcoming maturities and for repayment of existing borrowings. We view the transaction as credit neutral because we continue to expect Equinix to raise debt to fund profitable expansion. The company raised its long-term...
