Equinix selling $1 billion senior notes in two tranches Thursday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Feb. 28 - Equinix Inc. is planning a $1 billion sale of senior notes (existing ratings Ba2/BB-) in two parts on Thursday, a market source said.

The company is set to sell an issue of seven-year notes, which will be non-callable for four years.

There will also be a tranche of 10-year notes, which will be non-callable for five years.

J.P. Morgan Securities LLC, Barclays, Citigroup Global Markets Inc., BofA Merrill Lynch and Deutsche Bank Securities Inc. are the joint bookrunners.

Evercore, Goldman Sachs & Co., HSBC Securities (USA) Inc., RBC Capital Markets LLC and UBS Securities LLC are the co-managers.

Proceeds from the Securities and Exchange Commission-registered transaction will be used to redeem the company's 8 1/8% senior notes due 2018 and for general corporate purposes.

The Redwood City, Calif.-based provider of global data center services was scheduled to hold an investor call at 11 a.m. ET.

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