Equinix announces $500 million offering of eight-year senior notes

By Paul A. Harris

St. Louis, Feb. 22 - Equinix, Inc. plans a $500 million offering of eight-year senior notes, according to a prospectus filed Monday with the Securities and Exchange Commission.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. will be joint bookrunners. Bank of America Merrill Lynch, Barclays Capital Inc., Goldman Sachs & Co., ING and RBS Securities Inc. are co-managers.

The notes will come with a make-whole call for the first four years and then will become callable at a premium.

Proceeds will be used for general corporate purposes, which may include expansion capital expenditures and debt repayment, including debt expected to be assumed in connection with the planned acquisition of Switch and Data.

Equinix is a Foster City, Calif.-based provider of network neutral colocation, interconnection and managed IT infrastructure services.

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