The three new centers complete their current efforts to secure long-term expansion platforms for growth in key markets.

Equinix Inc., a data centers provider, yesterday announced additional details for the company's Internet Business Exchange center expansions in the Chicago, Washington, D.C. and New York markets.

According to the company, the first phase of build outs for these three expansions will increase the sellable cabinet capacity by approximately 20%, increasing the company's global footprint to 37,000 sellable cabinets. The company also has received loan commitments, for $150 million and $110 million of which is being provided to fund up to 60% of the Chicago expansion IBX data center and the remaining amount to fund the company's Washington, D.C. area expansion efforts.

With regards to the Chicago loan, Equinix expects to fix the interest rate on the initial three-year term at approx. 8% and to close the loan in the fourth quarter of 2006. Equinix intends to invest approx. $165 million to build out the first phase of the Chicago center. The company expects to open the center in the third quarter of 2007.
 
Equinix also announced that it intends to increase the existing mortgage on its Washington, D.C. area campus. The Washington, D.C. area campus is located in the Dulles Corridor. Equinix intends to open the new center for customers in early 2007.

For the New York area expansion, Equinix announced that it has completed the negotiation of terms for its previously announced location for the build out of the company's third IBX center in the region and that it has secured a long-term lease for the property. It is located in close proximity to Equinix's existing IBX center in Secaucus, N.J.

"The financing agreements announced today provide Equinix with attractive financing terms for maximum flexibility in managing our expansion plans without dilution to our shareholders," said Peter Van Camp, CEO of Equinix. "These three new centers complete our current efforts to secure long-term expansion platforms for contiguous growth in our key markets. The first phase of build outs, available in 2007, will accommodate the robust customer demand we continue to experience and solidify our position as the leading provider of collocation and network exchange services."