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.
The 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.
Equinix 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.
BofA 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.
The 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 the EDGAR database on the SEC's website at www.sec.gov.
Alternatively, copies of the prospectus supplement and the
accompanying prospectus relating to the offering of the Notes may
be obtained, when available, by contacting BofA Securities at BofA
Securities, Inc., 200 North College Street, NC1-004-03-43,
Charlotte NC 28255-0001, Attn: Prospectus Department (800)
294-1322 (toll-free); e-mail: dg.prospectus_requests@bofa.com,
Goldman Sachs & Co. LLC at (866) 471-2526 or J.P. Morgan
Securities LLC at (212) 834-4533 (collect).
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase the Notes or any other
securities and shall not constitute an offer, solicitation or sale
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful. In addition, this press release is
not an offer to purchase or a notice of redemption with regard to
any securities.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading
businesses to their customers, employees and partners inside the
most interconnected data centers. On this global platform for
digital business, companies come together across more than 50
markets on five continents to reach everywhere, interconnect
everyone and integrate everything they need to create their digital
futures.
Safe Harbor Statement
This press release contains forward-looking statements that
are based on Equinix's current expectations, including statements
regarding the offering of the Notes, the receipt and use of the net
proceeds from the offering of the Notes and the consummation of any
redemptions of notes. Such forward-looking statements are subject
to certain risks, uncertainties and assumptions, including investor
demand, market conditions, customary closing conditions and other
factors. In particular, there can be no assurance that Equinix will
complete the offering of the Notes. 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.
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SOURCE Equinix, Inc.