Equinix announces €750 million offering of eight-year notes

By Paul A. Harris

Portland, Ore., Sept. 1 – Equinix, Inc. announced Friday that it plans to offer €750 million of senior notes due 2025.

Barclays, BofA Merrill Lynch, J.P. Morgana and ING are the bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.

The co-managers are RBC Capital Markets, Citigroup, TD Securities, HSBC, MUFG, Goldman Sachs & Co. LLC, US Bancorp and Wells Fargo Securities.

The notes will become callable at a premium on Oct. 1, 2020. They will also feature a 35% equity clawback until Oct. 1, 2020, and a 101% poison put.

A portion of the net proceeds will be used to redeem all the company’s outstanding 4 7/8% senior notes due 2020 and for general corporate purposes, which may include debt repayment, capital expenditures, working capital and acquisitions of complementary businesses or assets.

Equinix is a Redwood City, Calif.-based data services company.

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