Current Report Filing (8-k)
May 16 2016 - 7:02AM
Edgar (US Regulatory)
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):
May 14, 2016
EQUINIX, INC.
(Exact Name
of Registrant as Specified in its Charter)
Delaware
(State or
Other Jurisdiction of Incorporation)
|
000-31293
(Commission
File Number)
|
77-0487526
(I.R.S. Employer
Identification Number)
|
One Lagoon Drive, 4
th
Floor
Redwood City, California 94065
(650) 598-6000
(Addresses
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 January 15, 2016, Equinix, Inc. (“Equinix”)
completed the previously announced acquisition of the entire issued share capital of Telecity Group plc (“Telecity”)
(the “Transaction”). As a result of the Transaction, Telecity became a wholly-owned subsidiary of Equinix.
In order to obtain clearance from the European
Commission for the Transaction, Equinix and Telecity agreed to divest certain facilities in Amsterdam, Frankurt and London (the
“Divestment Businesses”) post-closing of the Transaction.
On May 14, 2016, Equinix, as guarantor,
and certain of its subsidiaries entered into share purchase agreements (the “Agreements”) to transfer the Divestment
Businesses to the Digital Realty Trust, Inc. group of companies (collectively, “Digital Realty”) for total consideration
of approximately $874.4 million (the “Divestment”). The Divestment is expected to close during the third quarter of
2016 and is subject to certain closing conditions, including European Commission approval and completion of the works council consultation
process in the Netherlands.
Digital Realty, or its affiliates, is currently
Equinix’s landlord at other data center properties in the United States and France. Additionally, Equinix holds a minority
stake in a joint venture with an affiliate of Digital Realty. Such joint venture leases two buildings to a third party in Ashburn,
Virginia.
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.
DATE: May 16, 2016
|
EQUINIX, INC.
By:
/s/ Keith D. Taylor
____________
Keith D. Taylor
Chief Financial Officer
|
Equinix (NASDAQ:EQIX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Equinix (NASDAQ:EQIX)
Historical Stock Chart
From Apr 2023 to Apr 2024