-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ko4o6SpsL9A0SvuW9KBFu7dMbZloDIXQM7r2BflZrf/yY+QVkbYCZvVi/p2ghG3p ZBA7bQ3GRY6gb1sKBt2mJw== 0001193125-05-204049.txt : 20051019 0001193125-05-204049.hdr.sgml : 20051019 20051019161224 ACCESSION NUMBER: 0001193125-05-204049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051017 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20051019 DATE AS OF CHANGE: 20051019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQUINIX INC CENTRAL INDEX KEY: 0001101239 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 770487526 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31293 FILM NUMBER: 051145263 BUSINESS ADDRESS: STREET 1: 301 VELOCITY WAY, 5TH FLOOR CITY: FOSTER CITY STATE: CA ZIP: 94404 BUSINESS PHONE: 650-513-7000 MAIL ADDRESS: STREET 1: 301 VELOCITY WAY, 5TH FLOOR CITY: FOSTER CITY STATE: CA ZIP: 94404 8-K 1 d8k.htm FORM 8-K Form 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): October 17, 2005

 


 

EQUINIX, INC.

(Exact Name of Registrant as Specified in its Charter)

 


 

Delaware   000-31293   77-0487526

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

301 Velocity Way

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 2.01. Completion of Acquisition or Disposition of Assets.

 

On October 18, 2005, Equinix RP II, LLC (“Equinix RP II”), a single member limited liability company wholly owned by Equinix Operating Co., Inc, (“Op Co”), a wholly owned subsidiary of Equinix, Inc. (“Equinix”), completed the acquisition from Trizec Realty, LLC, (“Seller”) of the office/warehouse complex known as the Beaumeade Business Park (“Park”) located in Ashburn, Virginia. The sale agreement for the Park had been entered into between Equinix and Seller, then assigned by Equinix to Equinix RP II prior to closing. Equinix RP II purchased the entire 32.6-acre Park containing six buildings; three of which we already lease. The total rentable square feet of the Park is approximately 461,700 and is currently 95% leased. The purchase price was $53 million dollars and was determined through negotiations with the Seller. The initial deposit of $10 million dollars was applied towards the purchase price, and the balance was paid in cash at closing. We will continue to operate our existing data centers within the Park. Equinix RP II intends to sell those buildings that will not be used for our expansion, and will evaluate opportunities to secure long-term financing on the retained buildings, either in the form of sale-leaseback or mortgage financing by year-end. Other than the previous landlord/tenant status, there is no material relationship between Seller and either Equinix, Op Co, or Equinix RP II.

 

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

 

On October 17, 2005, Equinix elected to draw down a portion of the previously established $50 million dollar Silicon Valley Bank revolving credit facility (the “Facility”). Equinix elected to borrow $30 million dollars at a one-month LIBOR tenor with an all-in interest rate, inclusive of the applicable margin, of 5.72% per annum (the “Borrowing”). The Borrowing was used to fund a portion of the remaining balance of the purchase price of the Beaumeade Business Park, which transaction funded and closed on October 18, 2005 *(please refer to the Completion of Acquisition by Equinix RP II, LLC, as disclosed in Item 2.01 above).

 

Upon the one-month maturity date of the Borrowing, Equinix may elect to either repay all or a portion of the Borrowing, or convert the Borrowing to a new borrowing at either the then applicable one, three or six-month LIBOR rate or prime rate plus an applicable margin.


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: October 19, 2005   By:  

/s/ KEITH D. TAYLOR


        Keith D. Taylor
        Chief Financial Officer
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