Orrick advises Equinix, Inc. on complex, multi-currency syndicated Asian financing

Hong Kong – LawFuel.com -

Orrick, Herrington & Sutcliffe LLP (Orrick) has advised Equinix, Inc., and its Asia-Pacific subsidiaries, in relation to a US$200 million multi-currency dual tranche five year syndicated loan facility. The financing closed on May 14, 2010.

DBS Bank Ltd., ING Bank N.V., The Royal Bank of Scotland N.V., GE Commercial Finance, The Hongkong and Shanghai Banking Corporation Limited, HSBC Bank USA and OCBC jointly arranged the loan facility, the proceeds of which will be used to support Equinix's development plans and repay existing term loan facilities for the Asia-Pacific region.

Equinix, Inc. is a provider of global data centre services across 35 metropolitan areas in North America, Europe and the Asia-Pacific. It continues to experience strong growth in its business operations across the Asia-Pacific region.

Orrick's structured finance team was led by partners Dolph Hellman in San Francisco and Michelle Taylor with of counsel Donna Healy in Hong Kong.

"We were very pleased to advise our long-standing client Equinix, Inc. and its subsidiaries on completing such a successful, oversubscribed loan financing given the generally tough market conditions," commented partner Michelle Taylor, who heads Orrick's Asia finance practice and led the firm's international team. "With the breadth and depth of our experience in Asia and the U.S., our award-winning team of finance lawyers is well positioned to advise on multi-jurisdictional structured financings and we worked closely with the Equinix team to ensure that our client achieved its financing goals".