Equinix to launch $300 million convertible subordinated notes due 2014

By Evan Weinberger

New York, Sept. 14 -Equinix Inc. announced plans to launch $300 million in convertible subordinated notes due 2014 Friday.

Citigroup is the bookrunner for the registered transaction. There is a $45 million over-allotment option.

The convertibles will price at the same time as 3,662,556 shares of Equinix common stock. There is a 549,383 share over-allotment option on the common stock.

Equinix is a Foster City, Calif.-based network-neutral data centers and Internet exchange services provider.

The company plans to use the proceeds for its acquisition of IXEurope plc, a European datacenter operator, which was announced in June.

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