Equinix Announces Pricing of $750 Million Public Offering of Senior Notes
July 06 2011 - 10:04PM
Business Wire
Equinix, Inc. (NASDAQ:EQIX), a provider of global data center
services, today announced that it has priced an offering of $750
million aggregate principal amount of its 7.00% senior notes due
2021, an increase from the $500 million offering of notes
previously announced. The offering is being made pursuant to an
automatically effective shelf registration statement (including a
preliminary prospectus relating to the offering) on file with the
Securities and Exchange Commission (SEC). The offering is expected
to close on July 13, 2011, subject to 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. Interest will be payable semi-annually at a
rate of 7.00% per year. The notes will mature on July 15, 2021
and are redeemable by Equinix prior to maturity at a premium under
certain circumstances.
The net proceeds to Equinix from this offering will be
approximately $736 million after deducting underwriting discounts
and estimated offering expenses payable by it. 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 Barclays Capital Inc.,
BofA Merrill Lynch, 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
consummate the offering, prevailing 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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