Equinix, Inc. -- Moody's says Equinix's proposal to acquire Telecity will not immediately impact its Ba3 rating

New York, May 07, 2015 -- Moody's Investors Service ("Moody's") said Equinix Inc.'s ("Equinix") announcement that it is in preliminary discussions to acquire TelecityGroup plc ("Telecity") will not immediately impact Equinix's Ba3 corporate family rating. The GBP 2.35 billion ($4.2 billion) proposal would add approximately $2.0 billion of debt to Equinix and pressure its credit metrics. However, Moody's believes that despite the high acquisition multiple, the incremental leverage will be offset by EBITDA growth over the 12 to 18 month period following the deal close (i.e. approx. YE 2016).

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