Equinix Announces Pricing of €1.0 billion Senior Notes Offering
REDWOOD CITY, Calif., Sept. 6, 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 2025 (the "notes"). The offering has been upsized from the previously announced €750 million aggregate principal amount. The offering is being made by means of a prospectus supplement and the accompanying prospectus under Equinix's effective shelf registration statement with the U.S. Securities and Exchange Commission (the "SEC"). The offering is expected to close on September 20, 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 semi-annually at a rate of 2.875% per year. The notes will mature on October 1, 2025. The notes are redeemable by Equinix prior to maturity at a premium under certain circumstances.
Equinix expects the net proceeds from the offering to be approximately €988.3 million (or approximately $1,175.8 million), after deducting underwriting discounts and commissions and estimated offering expenses payable by it. Equinix intends to use approximately €430.6 million (or approximately $512.2 million) of the net proceeds of the offering to redeem all of its outstanding 4.875% senior notes due 2020 (the "2020 Notes") pursuant to the optional redemption provisions of the 2020 Notes, and the balance for general corporate purposes, which may include repayment of indebtedness, capital expenditures, working capital and acquisitions of complementary businesses or assets.
Barclays, BofA Merrill Lynch, J.P. Morgan and ING are acting as joint book-running managers, and RBC Capital Markets, Citigroup, TD Securities, HSBC, MUFG, Goldman Sachs & Co. LLC, US Bancorp and Wells Fargo Securities are acting as co-managers for the offering.
Equinix has filed an effective registration statement (including a preliminary prospectus supplement and accompanying 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 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 Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 888-603-5847, or by e-mail: Barclaysprospectus@broadridge.com, or Merrill Lynch International, 2 King Edward Street, London EC1A 1HQ, Attention: High Yield Syndicate Desk, or by calling +44 (0)20 7995 1999, 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 ING Bank N.V., London Branch, 8-10 Moorgate, London EC2R 6DA, Attention: Thomas Canham, or by calling Tel: +44 207 767 5107, or by e-mail: firstname.lastname@example.org.
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 44 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 or the redemption of the 2020 Notes. 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.
Released September 6, 2017