Equinix, Inc., a provider of global data center services, announced that it has entered into a $750 million senior credit facility. The agreement consists of a $550 million senior secured revolving credit facility and a $200 million senior secured term loan facility. Both the revolving credit facility and the term loan facility have a five-year maturity date extending to June 2017.

The senior credit facility was led by a syndicate of financial institutions including Bank of America as administrative agent, Wells Fargo Bank as syndication agent, Barclays Bank, Deutsche Bank AG New York Branch, HSBC Bank U.S.A., JPMorgan Chase Bank, The Royal Bank of Scotland and SunTrust Bank, as co-documentation agents, and Merrill Lynch, Pierce, Fenner & Smith as sole lead arranger and sole book manager.

Proceeds from the senior credit facility were used to repay term loans of Equinix’s Asia-Pacific subsidiaries under its multi-currency credit facility agreement dated May 10, 2010 for approximately $200 million. Borrowings under the senior credit facility will bear interest at an index based on LIBOR plus a margin based on Equinix’s consolidated senior leverage ratio. At the time of closing, the applicable margin for LIBOR-based borrowings under the term loan facility was 175 basis points, and under the revolving credit facility, 137.5 basis points. A facility fee shall be payable quarterly on the total amount of the commitments under the revolving facility regardless of utilization under the revolver. The revolving facility also includes a standby letter of credit issuing facility and provides for borrowings in United States Dollars, as well as certain foreign currencies including Australian Dollars, Canadian Dollars, Euro, Hong Kong Dollars, Japanese Yen, Pounds Sterling, Singapore Dollars, Swiss Francs, and other currencies subject to agreement by the lenders.

“We are pleased with the successful completion of this senior credit facility, which heightens our liquidity position and enhances our ability to invest in our growth opportunities. We had high caliber financial institutions subscribing to this transaction and the strong demand and recognition for our credit is a testament to Equinix’s operating performance and credit strength,” said Keith Taylor, chief financial officer for Equinix.

Equinix, Inc. connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks.