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REAL ESTATE: Equinix (EQIX: Baa2/BBB): Raising Capital For JV

REAL ESTATE
  • EQIX will combine with GIC and Canada Pension Plan (CPP) to raise $15bn for an xScale data centre portfolio
  • EQIX to control 25% of the JV
  • Total pool will be a mix of equity and debt to reach $15bn
  • No ratio details available yet but Eqix already has an $8bn investment commitment in xScale data centres so one would assume more of the same.
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  • EQIX will combine with GIC and Canada Pension Plan (CPP) to raise $15bn for an xScale data centre portfolio
  • EQIX to control 25% of the JV
  • Total pool will be a mix of equity and debt to reach $15bn
  • No ratio details available yet but Eqix already has an $8bn investment commitment in xScale data centres so one would assume more of the same.