EQUINIX INC acquires Infomart Dallas
Snapshot
EQUINIX INC acquired Infomart Dallas for Approximately $804.0 million, funded with approximately $45.8 million in cash and $758.2 million aggregate fair value of 5.000% senior unsecured notes in April 2018. The transaction was structured as combination. Infomart Dallas is a Dallas, Texas, United States-based Data centers / colocation - Americas (Dallas) business.
- Acquirer
- EQUINIX INC
- Target
- Infomart Dallas
- Value
- Approximately $804.0 million, funded with approximately $45.8 million in cash and $758.2 million aggregate fair value of 5.000% senior unsecured notes
- Date
- April 2018
- Type
- real estate / asset acquisition
- Status
- ready
The deal at a glance
About this deal
EQUINIX INC acquired Infomart Dallas for Approximately $804.0 million, funded with approximately $45.8 million in cash and $758.2 million aggregate fair value of 5.000% senior unsecured notes, a transaction completed in April 2018, structured as combination.
Infomart Dallas operates in Data centers / colocation - Americas (Dallas), is based in Dallas, Texas, United States. The 1.6 million-square-foot Infomart Building in Dallas, including its operations and tenants, where Equinix had already been operating four Equinix data centers. Acquired for approximately $804.0 million.
Equinix acquired the Infomart Dallas carrier hotel, where it already operated four IBX data centers, to own the strategic interconnection-dense Dallas facility outright.
Owning the interconnection-dense Infomart Dallas carrier hotel (1.6M sq ft) where Equinix already ran four IBX data centers. Equinix Americas region
No advisory firms have been disclosed for this transaction.