Equinix plans to price €1 billion 10-year senior notes on Tuesday; initial talk set at 3% area

By Paul A. Harris

Portland, Ore., Dec. 5 – Equinix, Inc. circulated initial guidance for its €1 billion offering of 10-year senior notes (BB+) in the 3% area, according to a sellside source.

The deal is expected to price on Tuesday.

BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG and RBC Capital Markets are the bookrunners.

The notes come with five years of call protection.

The Redwood City, Calif.-based data services company plans to use proceeds, together with about $10 million cash on hand, to repay in full its existing €995 million term loan due 2024.

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