8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


                                 Current Report
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): February 2, 2007

                                  EQUINIX, INC.
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


        Delaware                      000-31293                 77-0487526
- -----------------------------  ------------------------   ----------------------
(State or Other Jurisdiction   (Commission File Number)     (I.R.S. Employer
    of Incorporation)                                     Identification Number)


                           301 Velocity Way, 5th Floor
                          Foster City, California 94404
                                 (650) 513-7000
- --------------------------------------------------------------------------------
      (Addresses, including zip code, and telephone numbers, including area
                     code, of principal executive offices)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))




Item 1.01. Entry into a Material Definitive Agreement


         On February 2, 2007, CHI 3, LLC ("CHI 3"), a Delaware single member
limited liability company wholly owned by Equinix Operating Co., Inc. ("Op Co"),
a Delaware corporation and wholly-owned subsidiary of Equinix, Inc. ("Equinix"),
a Delaware corporation, entered into a Development Loan and Security Agreement
(the "Loan Agreement") with SFT I, Inc. ("Lender"), a Delaware corporation, for
a loan of up to $110 million (the "Loan") to be used for the development, design
and construction of an approximately 250,000 square foot IBX data center located
in Elk Grove Village, Illinois.

         The Loan has an initial three year term, bears interest at a floating
rate of a one, three or six month LIBOR plus 2.75%, and is evidenced by the Loan
Agreement, promissory notes in the original principal amount of $110 million, in
favor of Lender and affiliates of Oak Hill Capital, and a Mortgage, Assignment
of Leases and Rents, Security Agreement and Fixture Filing executed by CHI 3 for
the benefit of Lender.

         In connection with the Loan, CHI 3, as landlord, and Op Co, as tenant,
have entered into a Master Lease relating to such IBX data center and Equinix
has entered into a Guaranty of Lease in favor of CHI 3 with respect to the
obligations of Op Co under the Master Lease.

         Equinix has concurrently entered into an Environmental Indemnity
Agreement, Guaranty and Completion Guaranty in favor of Lender pursuant to which
Equinix guarantees performance of certain obligations of CHI 3 under the Loan.

         Lender (or its affiliates) owns a data center located in El Segundo,
California leased by Op Co, and unimproved land in San Jose, California also
leased by Op Co. Lender is also a party to a $100 million loan to another
Equinix subsidiary secured by the 32-acre Beaumeade Business Park in Ashburn,
Virginia.

         A copy of the related press release is attached hereto as Exhibit 99.1.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant


         Please refer to the disclosure in Item 1.01 above.

Item 9.01. Financial Statements and Exhibits


     (d) Exhibits.

         99.1     Press Release of Equinix, Inc. dated February 6, 2007.




                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                               EQUINIX, INC.


DATE:  February 6, 2007                        By: /s/ Keith D. Taylor
                                                   -----------------------------
                                                   Keith D. Taylor
                                                   Chief Financial Officer







                                  EXHIBIT INDEX


        Exhibit
        Number            Description
        -------           -----------

        99.1              Press Release of Equinix, Inc. dated February 6, 2007.

EX-99.1

                                                                    Exhibit 99.1

         Equinix Closes Financing for Chicago Area Expansion


    FOSTER CITY, Calif.--(BUSINESS WIRE)--Feb. 6, 2007--Equinix, Inc.
(NASDAQ:EQIX), the leading provider of network-neutral data centers
and Internet exchange services, today announced that it has received
$110 million in financing for the expansion of its Chicago-area
footprint.

    The approved financing will fund the development, design and
construction of an approximately 250,000 square foot Internet Business
Exchange(TM) (IBX(R)) center, which will be located in Elk Grove
Village, Illinois. The loan has an initial three year term and bears
interest at a floating rate, with an initial rate of 8.125% at
closing. The Company previously stated its intention to secure
financing an announcement on September 18, 2006
(http://www.equinix.com/press/press/2006/09_18_06.html).

    "Like the financing recently closed on our Ashburn campus, the
project financing for the new Chicago area IBX will enable us to
continue to execute on our expansion strategy," said Peter Van Camp,
CEO of Equinix. "The new Chicago IBX will enable us to nearly double
our footprint in the Chicago area in order to meet continued strong
demand in that market."

    About Equinix

    Equinix is the leading global provider of network-neutral data
centers and Internet exchange services for enterprises, content
companies, systems integrators and network services providers. Through
the company's Internet Business Exchange(TM) (IBX(R)) centers in 10
markets in the U.S. and Asia, customers can directly interconnect with
every major global network and ISP for their critical peering, transit
and traffic exchange requirements. These interconnection points
facilitate the highest performance and growth of the Internet by
serving as neutral and open marketplaces for Internet infrastructure
services, allowing customers to expand their businesses while reducing
costs.

    This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ materially
from expectations discussed in such forward-looking statements.
Factors that might cause such differences include, but are not limited
to, the challenges of acquiring, operating and constructing IBX
centers and developing, deploying and delivering Equinix services; a
failure to receive significant revenue from customers in recently
built out data centers; failure to complete any financing arrangements
contemplated from time to time; failure to receive the proceeds from
our loan commitments as expected; competition from existing and new
competitors; the ability to generate sufficient cash flow or otherwise
obtain funds to repay new or outstanding indebtedness; the loss or
decline in business from our key customers; the results of any
litigation relating to past stock option grants and practices; and
other risks described from time to time in Equinix's filings with the
Securities and Exchange Commission. In particular, see Equinix's
recent quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request from
Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this press release.


    CONTACT: Equinix, Inc.
             Jason Starr, 650-513-7402 (Investor Relations)
             jstarr@equinix.com
             or
             K/F Communications, Inc.
             David Fonkalsrud, 415-255-6506 (Media)
             dave@kfcomm.com