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Equinix Prices Offering Of $2.6 Billion Senior Notes
REDWOOD CITY, Calif., June 8, 2020 /PRNewswire/ -- Equinix, Inc. ("Equinix") (Nasdaq: EQIX), the global interconnection and data center company, announced the
About this update from Equinix, Inc.
[{"type":"text","content":"REDWOOD CITY, Calif., June 8, 2020 /PRNewswire/ -- Equinix, Inc. (\"Equinix\") (Nasdaq: EQIX), the global interconnection and data center company, announced the pricing of its underwritten public offering of $2.6 billion aggregate principal amount of senior notes, consisting of $500,000,000 of 1.250% Senior Notes due 2025 (the \"2025 Notes\"), $500,000,000 of 1.800% Senior Notes due 2027 (the \"2027 Notes\"), $1,100,000,000 of 2.150% Senior Notes due 2030 (the \"2030 Notes\") and $500,000,000 of 3.000% Senior Notes due 2050 (the \"2050 Notes\", and together with the 2025 Notes, the 2027 Notes and the 2030 Notes, the \"Notes\"). The offering is expected to close on June 22, 2020, subject to the satisfaction of customary closing conditions. \nThe Notes will be Equinix's general senior obligations and will rank equal in right of payment to all of its existing and future senior indebtedness.\nEquinix intends to use approximately $391.0 million of the net proceeds from the offering to fully repay the outstanding amounts under its senior unsecured 364-day term loan facilities. Equinix also intends to use a portion of the net proceeds from the offering to fund the redemption of all of its outstanding €750,000,000 2.875% Senior Notes due 2024 and its outstanding $1,100,000,000 5.875% Senior Notes due 2026, including, in each case, the payment of premiums and accrued interest to the redemption date. Equinix intends to use any remaining net proceeds from the offering for general corporate purposes.\nBofA Securities, Goldman Sachs & Co. LLC, and J.P. Morgan are acting as joint book-running managers for the offering. Citigroup, RBC Capital Markets, MUFG, SMBC Nikko, TD Securities, HSBC, ING, Mizuho Securities, Morgan Stanley, Barclays, BNP PARIBAS and Wells Fargo Securities are acting as bookrunners for the offering. Deutsche Bank Securities, PNC Capital Markets LLC, Scotiabank and US Bancorp are acting as co-managers for the offering.\nThe offering of the Notes is being made pursuant to an effective shelf registration statement (including a preliminary prospectus supplement relating to the offering) filed with the Securities and Exchange Commission (the \"SEC\"). A copy of the final prospectus supplement and accompanying prospectus relating to the offering of the Notes will be filed with the SEC and may be obtained at no cost by visiting t...