New Issue: Equinix prices €750 million six-year notes at par to yield 2 7/8%

By Paul A. Harris

Portland, Ore., Feb. 28 – Equinix, Inc. launched and priced a €750 million issue of six-year senior notes (B1/BB+/BB) at par to yield 2 7/8% on Wednesday, according to a market source.

The yield printed in the middle of yield talk in the 2 7/8% area. Early guidance was in the 3% area.

Joint global coordinator and joint bookrunner HSBC will bill and deliver. Barclays and ING were also joint global coordinators and joint active bookrunners.

BofA Merrill Lynch, Citigroup, Goldman Sachs, JPMorgan, MUFG, RBC, TD and Wells Fargo were joint bookrunners.

The Redwood City, Calif.-based provider of data management services plans to use the proceeds for general corporate purposes, which may include capital expenditures and working capital, and for potential acquisitions and strategic transactions.

Issuer:	Equinix, Inc.
Amount:	€750 million
Tenor:	Six years
Securities:	Senior notes
Global coordinators, active bookrunners:	HSBC (bill and deliver), Barclays, ING
Joint bookrunners:	BofA Merrill Lynch, Citigroup, Goldman Sachs, JPMorgan, MUFG, RBC, TD, Wells Fargo
Co-managers:	BNP Paribas, Mizuho, Morgan Stanley, PNC, Scotia, SMBC Nikko, U.S. Bancorp
Coupon:	2 7/8%
Price:	Par
Yield:	2 7/8%
Call protection:	2.5 years
Trade date:	Feb. 28
Ratings:	Moody's B1
	S&P: BB+
	Fitch: BB
Distribution:	SEC registered
Price talk:	2 7/8% area
Marketing:	Roadshow

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