Equinix Announces Pricing of €1.0 billion Senior Notes Offering
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.
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.
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.
Released December 5, 2017