REDWOOD CITY, Calif.,
Dec. 5, 2017 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the global interconnection
and data center company, today announced that it has priced an
offering of €1.0 billion aggregate principal amount of its senior
notes due 2026 (the "notes"). The offering is being made by means
of a prospectus supplement and the accompanying prospectus under
Equinix's effective shelf registration statement. The offering is
expected to close on December 12,
2017, 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 semiannually at a
rate of 2.875% per year. The notes will mature on February 1, 2026. The notes are redeemable by
Equinix prior to maturity under certain circumstances.
Equinix expects the net proceeds from the offering to be
approximately €986.7 million (or approximately $1,166.2 million), after deducting underwriting
discounts and commissions and estimated offering expenses payable
by it. Equinix intends to use the net proceeds of the offering,
together with approximately $10
million cash on hand, to repay in full its existing €995
million term loan due 2024.
BofA Merrill Lynch, Citigroup, J.P Morgan, MUFG and RBC Capital
Markets are acting as joint book-running managers, and Barclays,
Goldman Sachs & Co. LLC, HSBC, ING, TD Securities, Wells Fargo
Securities, BNP Paribas, Mizuho Securities, Morgan Stanley, PNC
Capital Markets LLC, Scotiabank, SMBC Nikko and US Bancorp are
acting as co-managers for the offering.
The offering is being made under an automatic shelf registration
statement on Form S-3 filed with the Securities and Exchange
Commission (the "SEC") on November 7,
2017. Before you invest, you should read the registration
statement (including the preliminary prospectus supplement and
accompanying prospectus) for more complete information about
Equinix and the offering. You may get the preliminary prospectus
supplement and accompanying prospectus for free by visiting EDGAR
on the SEC website at www.sec.gov. Alternatively, copies of the
preliminary prospectus supplement and accompanying prospectus and,
when available, the final prospectus supplement relating to the
offering may be obtained from Merrill Lynch International, 2 King
Edward Street, London EC1A 1HQ, Attention: High Yield
Syndicate Desk, or by calling +44 (0) 20 7995 1999, or Citigroup
Global Markets Inc., 388 Greenwich Street, New York, NY, Attention: High Yield Syndicate
Desk, or by calling + 800-831-9146, or J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Attention
Prospectus Department, or by calling 1-866-803-9204, or MUFG
Securities EMEA plc, 25 Ropemaker Street, London EC2Y 9AJ, Attention: Syndicate, or by
calling +44 (0) 20 7577 2218, or RBC Europe Limited, Riverbank
House, 2 Swan Lane, London EC4R
3BF, Attention New Issues Syndicate Desk, or by calling + 44 (0) 20
7029 7031.
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.
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 48 markets across five
continents, Equinix is where companies come together to realize new
opportunities and accelerate their business, IT and cloud
strategies.
Forward-Looking Statements
This press release contains forward-looking statements that
are based on Equinix management's current expectations. Such
statements include plans, projections and estimates regarding the
offering and the receipt and use of the net proceeds from the sale
of the 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. 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 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.