Equinix plans $1 billion senior notes for TelecityGroup acquisition

By Paul A. Harris

Portland, Ore., Nov. 17 – Equinix Inc. plans to sell $1 billion of senior notes in a deal to be led by J.P. Morgan Securities LLC, according to a market source.

The Redwood City, Calif.-based interconnection and data center company plans to use the proceeds to help finance the acquisition of TelecityGroup plc.

The financing also includes a $700 million equivalent term loan to be led by Bank of America Merrill Lynch, J.P. Morgan, Citigroup Global Markets Inc., RBC Capital Markets and TD Securities (USA) LLC. The loan is set to launch on a Friday lender call.

Timing on the bond deal remains to be announced, the source said.

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