Item 1.01. | Entry Into A Material Definitive Agreement |
On April 8, 2010, Equinix (Paris) SAS, an indirect wholly-owned subsidiary of Equinix, Inc. (“Equinix”), and Digital Realty (Paris 2) SCI entered into an amendment (the “Amendment”) to their commercial lease agreement for a warehouse building located in Saint-Denis, France dated September 30, 2008 (the “Lease Agreement”).
The Amendment adds approximately 30,332 square feet to the leased premises and increases the total rent obligation over the term of the Lease Agreement by approximately $12.1 million to approximately $71.6 million (based on the exchange rate as of April 8, 2010).
The Lease Agreement continues to have a fixed term of 12 years (ending in September 2020), with an option to renew.
In connection with the Amendment, Equinix will enter into a new guarantee of the payments due over the term of the Lease Agreement within the next 30 days.
Digital Realty Trust, or its affiliates, is currently Equinix’s landlord at other data center properties in the United States and in France.
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