Equinix (EQIX) has more spending power if it decides to pursue additional expansion in Europe. The company recently changed a credit line for Equinix Group Limited, the company's London-based European business unit. The senior facilities agreement arranged by CIT Bank Limited was amended to "increase maximum permitted capital expenditures as measured annually." The credit line is used to fund capital investments in Europe. The Jan. 15 amendment was noted in an SEC filing on Tuesday.
Equinix has said its current development plan is fully funded, but indicated that it may consider deals for facilities begun by other developers that have stalled due to the credit crunch. “We are getting a look at a couple of opportunities, and will look at others as they come up,” said Equinix CEo Steve Smith in the company's last quarterly conference call.
