Equinix to redeem 13% notes

New York, Feb. 11 - Equinix Corp. said it will redeem its $30.5 million principal amount of 13% senior notes on March 12.

Funding for the redemption will come from Equinix's recent offering of $75 million of 2.5% convertible subordinated debentures due 2024.

Proceeds from the convertible offering will also be used to repay borrowings under its credit facility and two other debt facilities and for working capital and capital expenditures.

Equinix is a Foster City, Calif., provider of data centers and Internet exchange services.

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