Item 7.01. Regulation FD Disclosure
On January 26, 2022, Equinix, Inc. ("Equinix") issued a press release that
includes, among other matters, information related to the Joint Venture, as
defined and described in Item 8.01 below and incorporated into this Item 7.01 by
reference. A copy of the press release is furnished as Exhibit 99.1 and is
incorporated into this Item 7.01 by reference.
The information in this Item 7.01 of this Current Report on Form 8-K, including
Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed"
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section and shall not be
incorporated by reference into any registration statement or other document
pursuant to the Securities Act, except as otherwise stated in such filings.
Item 8.01 Other Events
On January 26, 2022, Equinix entered into an agreement to form a joint venture
with GIC, Singapore's sovereign wealth fund, (the "Joint Venture") whereby, upon
closing, the Joint Venture will develop and operate two xScale data centers in
Seoul, South Korea. Pursuant to the terms of the Joint Venture, upon closing,
GIC will own an 80% equity interest in the joint venture, and Equinix will own
the remaining 20% equity interest.
The Joint Venture plans to secure financing prior to closing to fund the planned
development of the sites, working capital needs and other general corporate
purposes of the Joint Venture.
The closing of the Joint Venture is subject to conditions including obtaining
required regulatory approvals.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and other
securities laws, including statements regarding the proposed Joint Venture and
the development of certain data centers. The forward-looking statements involve
risks and uncertainties. Actual results may differ materially from expectations
discussed in such forward-looking statements. Although Equinix believes that its
forward-looking statements are based on reasonable assumptions, expected results
may not be achieved, and actual results may differ materially from its
expectations. Factors that might cause such differences include, but are not
limited to, risks related to Equinix's ability to complete the closing of the
joint ventures on the proposed terms and schedule; risks related to Equinix or
GIC being able to satisfy their respective closing conditions related to the
joint ventures, including obtaining regulatory approval; any inability of
Equinix, GIC or the joint ventures to obtain financing as needed; risks related
to whether the data centers which will be developed and contributed to the joint
ventures will be integrated successfully, and whether such development and
integration may be more difficult, time-consuming or costly than expected; risks
that the expected benefits of the joint ventures will not occur; the challenges
of operating and managing data centers and developing, deploying and delivering
Equinix services; the ability to generate sufficient cash flow or otherwise
obtain funds to repay new or outstanding indebtedness; competition from existing
and new competitors; the loss or decline in business from key hyperscale
companies; disruption from the joint ventures making it more difficult to
conduct business as usual or maintain relationships with customers, employees or
suppliers; and other risks described from time to time in Equinix's filings with
the Securities and Exchange Commission. In particular, see recent Equinix
quarterly and annual reports filed with the Securities and Exchange Commission,
copies of which are available upon request from Equinix. Equinix does not assume
any obligation to update the forward-looking information contained in this press
release.
Equinix's forward-looking statements should not be relied upon except as
statements of Equinix's present intentions and of Equinix's present
expectations, which may or may not occur. Cautionary statements should be read
as being applicable to all forward-looking statements wherever they appear.
Except as required by law, Equinix undertakes no obligation to release publicly
the result of any revision to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. Readers are also urged to carefully review
and consider the various disclosures Equinix has made in this Current Report on
Form 8-K, as well as Equinix's other filings with the Securities and Exchange
Commission. Equinix does not assume any obligation to update the forward-looking
information contained in this Current Report on Form 8-K.
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Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
99.1 Press release issued by Equinix on January 26, 2022
104 Cover Page Interactive Data File - the cover page iXBRL tags are embedded
within the Inline XBRL document
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