Equinix Announces Proposed $500 Million Public Offering of Senior Notes
July 06 2011 - 8:29AM
Business Wire
Equinix, Inc. (NASDAQ: EQIX), a provider of global data center
services, today announced that it intends to offer, subject to
market and other conditions, $500 million aggregate principal
amount of its senior notes due 2021 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 capital expenditures,
repayment of its 2.50% convertible subordinated notes due 2012 upon
maturity, working capital and potential acquisitions. Currently,
however, Equinix does not have any agreements or understandings
with respect to any such material strategic transactions or
acquisitions.
J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are
acting as joint book-running managers and Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Barclays Capital Inc., Evercore
Group LLC, 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 (including the 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 J.P. Morgan Securities LLC at the following address: 383
Madison Avenue, 3rd Floor, New York, New York 10179 or by calling
toll-free at: 800-245-8812 or 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.
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.
Forward-Looking Statements
This press release contains statements relating to the proposed
offering of notes 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.
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. connects businesses with partners and customers
around the world through a global platform of high performance data
centers, containing dynamic ecosystems and the broadest choice of
networks. More than 3,350 enterprises, cloud, digital content and
financial companies connect to more than 650 network service
providers and rely on Platform Equinix to grow their business,
improve application performance and protect their vital digital
assets. Equinix operates in 37 strategic markets across the
Americas, EMEA and Asia-Pacific and continually invests in
expanding its platform to power customer growth.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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