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Stock Market & Financial Investment News

News Breaks
June 26, 2014
09:07 EDTEQIXEquinix AFFO guidance misinterpreted, says Stephens
Stephens attributes Equinix weakness after yesterday's closing bell to the company's FY14 AFFO guidance of $11.90 given at its investor day meeting. Stephens said that no true AFFO consensus exists as Equinix isn't a REIT yet, but the firm believes "a few analysts" expected a number above $12. The firm notes that the guidance includes costs associated with the REIT transition and Stephens calculates the "true" AFFO run rate ex-charges to be near $13. The firm reiterates its Overweight rating and $222 price target on Equinix.
News For EQIX From The Last 14 Days
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December 18, 2014
16:28 EDTEQIXEquinix entered into $1.5B credit line
On December 17, Equinix, as borrower, the Equinix subsidiaries Equinix and Switch & Data as guarantors, a syndicate of financial institutions, as lenders entered into a Credit Agreement in an aggregate principal amount of $1,500,000,000, comprised of (i) a $1,000,000,000 senior secured multi-currency revolving credit facility (the “Revolving Facility”) and (ii) a $500,000,000 senior secured term loan facility. The Senior Credit Facility has a maturity date of December 17, 2019.
December 11, 2014
07:34 EDTEQIXBarclays to hold a bus tour
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December 8, 2014
07:28 EDTEQIXFBN Securities to hold a bus tour
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December 4, 2014
08:43 EDTEQIXMomentum building for Equinix, says Pacific Crest
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