REDWOOD CITY, Calif.,
Nov. 16, 2015 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the global
interconnection and data center company, today announced that
it intends to offer, subject to market and other conditions,
approximately $750 million of its
common stock (the "firm shares") pursuant to an effective shelf
registration statement (including a preliminary prospectus
supplement and accompanying prospectus relating to the offering) on
file with the Securities and Exchange Commission (the "SEC"). In
addition, Equinix intends to grant the underwriters a 30-day option
to purchase up to an additional approximately $112.5 million of its common stock (the
"additional shares") at the public offering price, less
underwriting discounts and commissions, and less an amount per
share equal to any per share dividends that are paid or payable by
Equinix on the firm shares but that are not payable on the
additional shares. All of the shares of the common stock to be sold
in the offering will be offered by Equinix.
Equinix intends to use the net proceeds of the offering,
together with the net proceeds of a proposed offering of senior
unsecured notes in an aggregate principal amount of approximately
$1 billion and the net proceeds of a
proposed senior secured term loan that it intends to seek in an
aggregate principal amount of up to approximately $700 million and cash on hand for merger and
acquisition activities and repayment of indebtedness (including the
funding of the cash portion of the purchase price for the cash and
share offer Equinix announced in May
2015 (the "Telecity Acquisition") for the entire issued and
to be issued share capital of Telecity Group plc ("TelecityGroup")
and repayment of existing TelecityGroup indebtedness in connection
therewith) and for general corporate purposes. If for any
reason the Telecity Acquisition is not completed, then Equinix
intends to use all of the net proceeds from the offering for
general corporate purposes. The completion of this common stock
offering is not contingent upon the completion of the issuance of
the proposed new notes, the proposed new term loan or the Telecity
Acquisition.
J.P. Morgan, BofA Merrill Lynch, Citigroup, RBC Capital Markets,
Barclays and TD Securities are acting as joint book-running
managers and ING, MUFG, HSBC, Evercore ISI and BTIG are acting as
co-managers for the offering.
Equinix has filed a registration statement (including a
preliminary prospectus supplement and accompanying prospectus) with
the SEC for the offering to which this communication relates.
Before you invest, you should read the registration statement
(including the preliminary prospectus supplement and accompanying
prospectus) for more complete information about Equinix and this
offering. You may get the preliminary prospectus supplement and
accompanying prospectus for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, copies may be obtained from
J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New
York 11717 or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus
Department or by emailing dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects
the world's leading businesses to their customers, employees and
partners inside the most interconnected data centers. In 33 markets
across five continents, Equinix is where companies come together to
realize new opportunities and accelerate their business, IT and
cloud strategies. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements that are
based on Equinix management's current expectations. Such
statements include plans, projections and estimates regarding an
offering of common stock, an anticipated offering of notes and a
proposed term loan, the Telecity Acquisition, and the receipt and
use of the proceeds from the common stock offering and other
proposed sources of proceeds. Such forward-looking statements
are subject to certain risks, uncertainties and assumptions,
including investor and lender demand, market conditions and other
factors. In particular, there can be no assurance that
Equinix will complete any portion of the proposed funding or the
Telecity Acquisition. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those
expected. More information about potential risk factors that
could affect Equinix and its results is included in Equinix's
filings with the SEC.
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SOURCE Equinix, Inc.