Bank of America served as administrative agent for a syndicate that provided $250 million and £300 million (approximately $432 million) term loans to Equinix. Equinix used the permanent financing to terminate a bridge loan with JPMorgan Chase.

On May 28, 2015, Equinix entered into a bridge credit agreement with JPMorgan Chase Bank for a principal amount of £875 million (approximately $1.2 billion) to provide financing in connection with its cash and share offer for the entire issued and to be issued share capital of Telecity Group.

Equinix has obtained permanent financing prior to the closing of the transaction to replace the bridge loan and, effective January 8, 2016, Equinix terminated the commitments of the lenders under the bridge credit agreement.

On January 8, 2016, Equinix borrowed the full amount of the $250 million and £300 term loan commitments made available to it by a syndicate of lenders. Bank of America served as administrative agent, a lender and L/C issuer. JPMorgan Chase Bank and TD Securities were co-syndication agents. Barclays Bank, Citibank, Royal Bank of Canada and ING Bank and Singapore Branch served as co-documentation agents and Merrill Lynch, Pierce, Fenner & Smith J. P. Morgan Securities and TD Securities were as joint lead arrangers and book runners.