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| EQIX > SEC Filings for EQIX > Form 8-K on 6-Oct-2008 | All Recent SEC Filings |
6-Oct-2008
Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
On September 30, 2008, Equinix (Paris) SAS, an indirect wholly-owned subsidiary of Equinix, Inc. ("Equinix"), and Digital Realty (Paris 2) SCI entered into a lease agreement for an approximately 116,800 square foot warehouse building located in Saint-Denis, France (the "Lease Agreement"), adjacent to Equinix's existing data center facility in Saint-Denis. The Lease Agreement has a fixed term of 12 years, with an option to renew, and a total rent obligation of approximately $62.8 million (based on the exchange rate as of September 30, 2008) over the term of the Lease Agreement.
In connection with the Lease Agreement, Equinix will enter into a guarantee of the payments due over the term of the Lease Agreement within the next 30 days.
Digital Realty Trust, or its affiliates, is currently Equinix's landlord at other data center properties in the United States and in France.
*Please refer to the description of the Lease Agreement disclosed in Item 1.01 above.
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