Equinix to redeem notes due 2024, 2026 with new note proceeds

By Sarah Lizee

Olympia, Wash., June 8 – Equinix, Inc. delivered conditional notices of its intent to redeem all of its outstanding €750 million 2.875% senior notes due 2024 and all of its outstanding $1.1 million 5.875% senior notes due 2026, according to an 8-K filing with the Securities and Exchange Commission.

The notes are expected to be redeemed on July 8 at par plus the applicable premium and accrued interest to but not including the redemption date.

Each notice is subject to the closing of a new offering of securities. The company said that it plans to price a four-part offering of fixed-rate senior notes and plans to use a portion of the proceeds to finance the redemptions.

Proceeds will also be used to repay the company’s borrowings under its 364-day facilities and for general corporate purposes.

Equinix is a Redwood City, Calif.-based data center company.

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