New Issue: Equinix prices €1 billion 10-year notes at par to yield 2 7/8%

By Paul A. Harris

Portland, Ore., Dec. 5 – Equinix, Inc. priced a €1 billion issue of 10-year senior notes (BB+) at par to yield 2 7/8% on Tuesday, according to a market source.

The yield printed tight to initial talk in the 3% area.

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

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.

Issuer:	Equinix, Inc.
Amount:	€1 billion
Tenor:	10 years
Securities:	Senior notes
Bookrunners:	BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG, RBC Capital Markets LLC
Coupon:	2 7/8%
Price:	Par
Yield:	2 7/8%
Call protection:	Five years
Trade date:	Dec. 5
Rating:	S&P: BB+
Initial price talk:	3% area
Marketing:	Quick to market

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