REDWOOD CITY, Calif.,
Nov. 18, 2015 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the global interconnection
and data center company, today announced that it has priced
an offering of 2,604,167 shares of its common stock (the "firm
shares") at a price to the public of $288.00 per share 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 has granted the underwriters a 30-day option to
purchase up to an additional 390,625 shares 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. The offering is
expected to close on November 24,
2015, subject to customary closing conditions.
Equinix expects the net proceeds from the common stock offering
to be approximately $721.2 million
(or approximately $829.5 million if
the underwriters exercise their option to purchase additional
shares in full). 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, 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.
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.