October 01, 2024 12:12 GMT
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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