Equinix Said to Seek $170 Million Loan to Fund Asian Expansion

from Bloomberg / Business week:

>>Equinix Said to Seek $170 Million Loan to Fund Asian Expansion

By Katrina Nicholas

March 4 (Bloomberg) -- Equinix Inc., the data-center operator for companies including Microsoft Corp., hired four lenders to help it borrow $170 million for expansion in Asia, according to two people familiar with the matter.

DBS Group Holdings Ltd., General Electric Capital Corp., ING Groep NV and Royal Bank of Scotland Group Plc will help Foster City, California-based Equinix get a five-year loan, said the people, who asked not to be named as the plan is private.

The term loan may pay interest of 4 percentage points more than the London interbank offered rate, one of the people said. No-one could be reached for comment at Equinix’s main office after normal U.S. business hours today.