Actionable news
0
All posts from Actionable news
Actionable news in EQIX: Equinix, Inc.,

Entry into a Material Definitive Agreement

On September30, 2015, QAON G.K. and certain other direct and indirect subsidiaries of Equinix, Inc. (Equinix), as borrowers, entered into a Term Loan Agreement (the Bridge Loan Agreement) with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU). Pursuant to the Bridge Loan Agreement, BTMU has committed to provide a senior bridge term loan facility (the Bridge Loan) in the amount of up to JPY 47,500,000,000 (or approximately USD $395,833,000 at prevailing exchange rates in effect on September30, 2015), to be advanced by BTMU in three tranches. Proceeds of the Bridge Loan shall, subject to customary conditions precedent, be available to be used (i)to fund the cash consideration to be paid by QAON G.K. for the shares and the stock acquisition rights of Bit-isle Inc. (Bit-isle) that are tende red pursuant to the tender offer by QAON G.K. to acquire 100% of the shares of Bit-isle announced by Equinix in its September8, 2015 press release (the Tender Offer), (ii)to repay existing debt of Bit-isle and its wholly-owned subsidiaries, (iii)to fund the cash consideration to be delivered to the shareholders...


More