REDWOOD CITY, Calif.,
Nov. 13, 2019 /PRNewswire/
-- Equinix, Inc. ("Equinix") (Nasdaq: EQIX), the global
interconnection and data center company, today announced the
expiration and tender results of its previously announced cash
tender offer (the "Tender Offer") for any and all of its
outstanding 5.375% Senior Notes due 2022 (CUSIP/ISIN No. 29444U AN6
/ US29444UAN63) (the "2022 Notes"), 5.375% Senior Notes due
2023 (CUSIP/ISIN No. 29444U AM8 / US29444UAM80) (the
"2023 Notes") and 5.750% Senior Notes due 2025 (CUSIP/ISIN No.
29444U AP1/ US29444UAP12) (the "2025 Notes", and together with
the 2022 Notes and 2023 Notes, the "Notes"). The Tender
Offer expired at 5:00 p.m.,
New York City time, on
November 13, 2019 (the
"Expiration Time"). The table below sets forth the aggregate
principal amount of 2022 Notes, 2023 Notes and 2025 Notes that had
been validly tendered and not withdrawn in the Tender Offer as of
the Expiration Time, which amounts exclude Notes that remain
subject to guaranteed delivery procedures.
|
Title of
Security
|
CUSIP/ISIN
Number
|
Principal
Amount
Outstanding
|
Principal
Amount
Tendered(1)
|
Tender
Consideration(2)
|
|
5.375% Senior Notes
due 2022
|
29444U AN6 /
US29444UAN63
|
$750,000,000
|
$406,208,000.00
|
$1,018.00
|
|
5.375% Senior Notes
due 2023
|
29444U AM8
/ US29444UAM80
|
$1,000,000,000
|
$632,205,000.00
|
$1,020.72
|
|
5.750% Senior Notes
due 2025
|
29444U
AP1/ US29444UAP12
|
$500,000,000
|
$204,880,000.00
|
$1,033.00
|
|
|
|
|
(1)
|
Excludes $81,000
aggregate principal amount of 2022 Notes, $119,000 aggregate
principal amount of 2023 Notes and $133,000 aggregate principal
amount of 2025 Notes, respectively, that remain subject to
guaranteed delivery procedures.
|
|
(2)
|
Per $1,000 principal amount of Notes validly tendered and not validly withdrawn. Does not include
accrued and unpaid interest to, but not including, November 18,
2019.
|
Payment for the Notes purchased pursuant to the Tender Offer,
including the Notes that remain subject to guaranteed delivery
procedures, is intended to be made on November 18, 2019 (the "Settlement Date").
The closing of the Tender Offer is subject to the satisfaction of
customary closing conditions.
Equinix expects to fund the total Tender Offer consideration
from the net proceeds of its previously announced issuance and sale
of its 2.625% Senior Notes due 2024, 2.900% Senior Notes due
2026 and 3.200% Senior Notes due 2029 (the "New Notes"), which is
expected to close on November 18,
2019, subject to the satisfaction of customary closing
conditions.
Equinix intends to redeem all the 2023 Notes and 2025 Notes that
have not been tendered in the Tender Offer on the anticipated
redemption date of December 16, 2019.
Equinix does not expect to redeem the 2022 Notes pursuant to the
terms of the indenture in respect of such notes prior to
January 1, 2020.
The Tender Offer was made pursuant to Equinix's Offer to
Purchase dated November 6, 2019. This
press release is neither an offer to purchase nor a solicitation of
an offer to sell any of the Notes nor is it a solicitation for
acceptance of the Tender Offer and does not constitute a notice of
redemption for the 2022 Notes, 2023 Notes or 2025 Notes.
Safe Harbor Statement
This news release contains forward-looking statements,
including statements regarding the Tender Offer and our intent to
redeem remaining Notes. We have based these forward-looking
statements on our current assumptions, expectations and projections
about future events. We use words like "intend," "will," and
similar expressions to identify forward-looking statements,
although not all forward-looking statements contain these
words. These forward-looking statements are based on current
expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to
differ materially from those suggested by the forward-looking,
statements including general economic and political conditions
globally or regionally; risks related to the offering of the
New Notes and the Tender Offer, including the risk that the New
Notes offering and the Tender Offer are not consummated on the
anticipated terms, if at all; and those additional risks and
factors discussed in reports filed with the SEC by us from time to
time. 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.
Equinix does not assume any obligation to update the
forward-looking information contained in this press
release.
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 53 markets worldwide, Equinix
is where companies come together to realize new opportunities and
accelerate their business, IT and cloud strategies.
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SOURCE Equinix, Inc.