Equinix Announces Intention to Increase its Proposed Public Offering of Senior Notes to $750 Million
February 26 2010 - 2:52PM
Business Wire
Equinix, Inc. (NASDAQ:EQIX), a provider of global data center
services, today announced that it intends to increase the size of
the offering, subject to market and other conditions, of its senior
notes due 2018 to $750 million. The notes will be issued under an
automatically effective shelf registration statement on file with
the Securities and Exchange Commission (SEC). 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
and interest will be payable semi-annually. The interest rate,
offering price and other terms of the notes will be determined by
Equinix and the underwriters.
Equinix intends to use the net proceeds from this offering for
general corporate purposes, which may include expansion capital
expenditures and the repayment of indebtedness, including
indebtedness that it expects to assume in connection with its
planned acquisition of Switch & Data Facilities Company, Inc.
(Switch and Data).
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
are acting as joint book-running managers and BofA Merrill Lynch,
Barclays Capital Inc., Goldman, Sachs & Co., ING Financial
Markets LLC and RBS Securities Inc. are acting as co-managers for
the offering.
Equinix has filed a registration statement (including a
preliminary prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
registration statement and accompanying preliminary prospectus for
more complete information about Equinix and this offering. You may
get the preliminary prospectus for free by visiting EDGAR on the
SEC website at www.sec.gov. Alternatively, copies may be obtained
from Citigroup Global Markets Inc. at the following address:
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New
York 11220 or by calling toll-free at: 800-831-9146 or from J.P.
Morgan Securities Inc. at the following address: 4 Chase Metrotech
Center, CS Level, Brooklyn, New York 11245 Attention: Chase
Distribution & Support Service Northeast Statement
Processing or by calling toll-free at: 866-430-0686.
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 state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
Forward-Looking Statements
This press release contains statements relating to the proposed
offering of notes and the acquisition of Switch and Data that are
forward-looking statements pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties that could cause actual
results to differ materially, including, but not limited to,
whether or not Equinix will offer the notes or consummate the
offering, the final terms of the offering, prevailing market
conditions, the anticipated principal amount of the notes, which
could differ based upon market conditions, the anticipated use of
the proceeds of the offering, which could change as a result of
market conditions or for other reasons, unanticipated costs or
difficulties relating to the integration of Switch and Data into
Equinix and the satisfaction or waiver of closing conditions
related to the Switch and Data acquisition, including the clearance
of the transaction by the Department of Justice under the
Hart-Scott-Rodino Antitrust Improvement Act, as amended.
Investors in Equinix are cautioned not to place undue reliance
on its forward-looking statements, which speak only as of the date
such statements are made. Equinix does not undertake any obligation
to publicly update any forward-looking statements to reflect
events, circumstances or new information after this press release,
or to reflect the occurrence of unanticipated events.
About Equinix, Inc.
Equinix, Inc. provides global data center services that ensure
the vitality of the information-driven world. Global enterprises,
content and financial companies, and network service providers rely
upon Equinix’s insight and expertise to protect and connect their
most valued information assets. Equinix operates 49 International
Business Exchange™ (IBX®) data centers across 18 markets in North
America, Europe and Asia-Pacific.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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