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Subsequent Events
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
TelecityGroup Acquisition
On January 15, 2016, the Company completed the previously announced acquisition of the entire issued share capital of Telecity Group plc (“TelecityGroup”) (the “Transaction”). As a result of the Transaction, TelecityGroup has become a wholly-owned subsidiary of Equinix. Under the transaction, the Company acquired all outstanding common shares of TelecityGroup for 572.5 pence in cash and 0.0336 new shares of the Company’s common stock for each TelecityGroup’s share for a total purchase price of approximately $1,683,000,000 in cash and 6,853,500 shares of Equinix common stock valued at approximately $2,078,000,000 based on the Company’s share price on January 15, 2016. This amount excludes any value attributed to the Telecity employee equity awards assumed. TelecityGroup’s operating results will be reported in the EMEA region following the date of acquisition. The purchase price allocation for the acquisition is not yet complete. As a result, the fair value of assets acquired and liabilities assumed are still being appraised by a third-party and have not yet been finalized.
Dividends
On February 18, 2016, the Company's Board of Directors declared a quarterly cash dividend of $1.75 per share, which is payable on March 23, 2016 to the Company’s common stockholders of record as of the close of business on March 9, 2016.
Debt
In January 2016, the Company terminated its bridge credit agreement for a principal amount of £875,000,000 or approximately $1,289,000,000 related to the TelecityGroup acquisition. In January 2016, the Company borrowed $250,000,000 from its USD Term Loan B Commitment and £300,000,000, or approximately $442,020,000 at the exchange rate in effect on December 31, 2015 from its Sterling Term Loan B Commitment to fund the TelecityGroup acquisition.
Real estate
In February 2016, the Company sold a parcel of land in San Jose, California, with a sales price of approximately $23,557,000.