Thursday, June 12, 2008

Equinix Hong Kong to borrow up to the HK Dollar equivalent of $20,000,000 until June 2009

On June 6, 2008, Equinix Singapore Pte. Ltd., Equinix Japan KK, Equinix Australia Pty Limited and Equinix Hong Kong Limited (together, the "Equinix Subsidiaries"), each a wholly owned subsidiary of Equinix, Inc. ("Equinix"), entered into a Second Amendment and Accession Agreement amending a multi-currency credit facility agreement with ABN AMRO Bank N.V. ("ABN") and Co�peratieve Centrale Raiffeisen-Boerenleenbank B.A., Hong Kong Branch ("Rabobank"), as lenders, and ABN as facility agent, arranger and collateral agent (the "Amended Facility"). The Amended Facility adds Equinix Hong Kong Limited ("Equinix Hong Kong") as a borrower, adds Rabobank as a lender, and increases the Amended Facility by $20,000,000 in local currency equivalents.

The Amended Facility allows Equinix Hong Kong to borrow up to the HK Dollar equivalent of $20,000,000 until June 2009 with repayment to occur in 12 equal quarterly installments thereafter. Under the Amended Facility, Equinix Hong Kong can borrow at variable spreads of 1.85% to 2.50% over the local borrowing rates and may use these borrowings to fund capital expenditures on leasehold improvements, equipment, and other installation costs related to its IBX expansion plans. The Amended Facility will continue to be secured by the Equinix Subsidiaries' Asia Pacific assets.

In connection with the Amended Facility, Equinix amended its guarantee thereof to increase it to guarantee the obligations of Equinix Hong Kong.

It is anticipated that drawings of various amounts under the Amended Facility will continue to occur periodically, and that up to the full amount of the Amended Facility will be borrowed over the next 12 months.

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