UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events |
On June 8, 2020, Equinix, Inc. (the “Company”) delivered conditional notices of its intent to redeem all of its outstanding €750,000,000 2.875% Senior Notes due 2024 and all of its outstanding $1,100,000,000 5.875% Senior Notes due 2026 (each such notice, a “Notice of Conditional Full Redemption”).
The 2.875% Senior Notes due 2024 are expected to be redeemed on July 8, 2020 (the “Redemption Date”). In accordance with the terms of the 2.875% Senior Notes due 2024 and the Indenture, dated as of December 12, 2017, between the Company and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the Second Supplemental Indenture dated as of March 14, 2018 among the Company, the Trustee, and Elavon Financial Services DAC, UK Branch, as paying agent, (the “2024 Notes Indenture”), the 2.875% Senior Notes due 2024 would be redeemed at a redemption price equal to 100.0% of the principal amount of the 2.875% Senior Notes due 2024 redeemed, plus the applicable premium as of, and accrued and unpaid interest to, but not including, the Redemption Date. The applicable premium will be calculated in accordance with terms of the 2.875% Senior Notes due 2024 and the 2024 Notes Indenture.
The 5.875% Senior Notes due 2026 are expected to be redeemed on the Redemption Date. In accordance with the terms of the 5.875% Senior Notes due 2026 and the Indenture, dated as of November 20, 2014, between the Company and the Trustee, as supplemented by the Third Supplemental Indenture dated as of December 4, 2015, (the “2026 Notes Indenture”), the 5.875% Senior Notes due 2026 would be redeemed at a redemption price equal to 100.0% of the principal amount of the 5.875% Senior Notes due 2026 redeemed, plus the applicable premium as of, and accrued and unpaid interest to, but not including, the Redemption Date. The applicable premium will be calculated in accordance with terms of the 5.875% Senior Notes due 2026 and the 2026 Notes Indenture.
Each Notice of Conditional Full Redemption is subject to the closing of the Company’s June 8, 2020 offering of debt securities (the “Offering”). If the Offering closes, the Company plans to use a portion of the proceeds of the Offering to finance the redemption of its outstanding 2.875% Senior Notes due 2024 and its outstanding 5.875% Senior Notes due 2026.
This Form 8-K does not constitute a notice of redemption with respect to the 2.875% Senior Notes due 2024 under the 2024 Notes Indenture or with respect to the 5.875% Senior Notes due 2026 under the 2026 Notes Indenture.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DATE: June 8, 2020 |
EQUINIX, INC. | |||||
| By: |
/s/ Keith D. Taylor | |||||
| Keith D. Taylor | ||||||
| Chief Financial Officer | ||||||