REDWOOD CITY, Calif.,
May 11, 2020 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the global interconnection
and data center company, today announced that it commenced a public
offering of $1,250.0 million of its
common stock. All shares of common stock to be sold in the offering
will be offered by Equinix. In addition, Equinix intends to
grant the underwriters a 30-day option to purchase up to an
additional $187.5 million of shares of its common stock.
The offering is subject to market conditions, and there can
be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
Equinix is currently in advanced discussions with a seller to
acquire selected data center sites and their operations (the
"Potential Acquisition"). If Equinix completes the Potential
Acquisition, it intends to use a portion of the net proceeds of the
offering to fund the cost of the Potential Acquisition, and the
remainder for general corporate purposes, which could include
repayment of indebtedness, capital expenditures and working
capital. The completion of the offering is not contingent upon the
completion of the Potential Acquisition. If the Potential
Acquisition is not completed, then Equinix intends to use all of
the net proceeds for general corporate purposes.
Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities,
Citigroup and J.P. Morgan are acting as joint book-running managers
and representatives of the underwriters for the offering.
The shares described above are being offered by Equinix only
pursuant to an effective registration statement, including a
preliminary prospectus supplement and accompanying prospectus. The
preliminary prospectus supplement and accompanying prospectus
relating to the offering have been filed with the SEC and are
available on the SEC's website located at http://www.sec.gov.
Before you invest, you should read the registration statement
(including the preliminary prospectus supplement for the offering
and accompanying prospectus) for more complete information about
Equinix and the offering. Copies of the preliminary prospectus
supplement and the accompanying prospectus related to this
offering, when available, may be obtained from Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014; Goldman
Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, NY 10282, by
email at prospectus-ny@ny.email.gs.com, or by phone at (866)
471-2526; BofA Securities, NC1-004-03-43, 200 North College Street,
3rd Floor, Charlotte, North
Carolina 28255-0001, Attn: Prospectus Department, Email:
dg.prospectus_requests@bofa.com; Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (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
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. 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.
Forward Looking Statements
This press release contains forward-looking statements that are
based on Equinix's current expectations. Such statements
include plans, projections and estimates regarding the offering,
the receipt and use of the proceeds from the offering and the
Potential Acquisition. 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'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.