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News & Insights

Bridge Financing for Equinix, Inc.’s £2.35 Billion Acquisition of TelecityGroup PLC

June 01, 2015

On May 29, 2015, Equinix, Inc. and TelecityGroup PLC announced that they have entered into an agreement under which Equinix will acquire TelecityGroup in a cash and stock transaction valued at approximately £2.35 billion (US$3.6 billion). Cravath represented Equinix as borrower under a £875 million bridge credit facility in connection with the financing of the transaction. JPMorgan Chase Bank is the initial lender and administrative agent under the facility.

The Cravath team included partner Craig F. Arcella and associates Raffael M. Fiumara, Edward J. Reed and Sabino M. Casella on financing matters and partner J. Leonard Teti II and associates Ashley N. Elnicki and Dmitry Zelik on tax matters. Sean M. Gholz also worked on financing matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Technology
  • Real Estate and Hospitality

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York
    Photo
    Name
    J. Leonard Teti II
    Title
    Tax
    Title
    Partner
    Email
    lteti@cravath.com
    Phone
    +1-212-474-1896
    vCard
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      Education

      • J.D., 2005, University of Virginia School of Law
        Order of the Coif
      • A.B., 1999, Princeton University
        with Honors

      Admitted In

      • New York

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