Equinix plans to sell $1.13 billion of 10-year senior notes

By Paul A. Harris

Portland, Ore., March 7 – Equinix, Inc. announced on Tuesday that it plans to sell $1,125,000,000 of senior notes (B1//BB) due 2027.

J.P. Morgan Securities LLC, BofA Merrill Lynch, RBC Capital Markets, Barclays, Goldman Sachs & Co., MUFG and TD Securities are the joint bookrunners for the public offering. ING, HSBC Securities and U.S. Bancorp Investments Inc. are the co-managers.

The notes come with five years of call protection.

The Redwood City, Calif.-based interconnection and data center company plans to use the proceeds for general corporate purposes, including working capital, acquisitions, retirement of debt and other business opportunities.

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