Equinix to redeem its 7% senior notes due 2021 via offering proceeds

By Tali Rackner

Norfolk, Va., Nov. 17 – Equinix, Inc. plans to redeem all of its 7% senior notes due 2021 with the proceeds from a new $1 billion note offering, according to a press release.

Proceeds will also be used for general corporate purposes, which may include capital expenditures, distributions to its stockholders in connection with a proposed conversion to a real estate investment trust, working capital and potential acquisitions and strategic transactions.

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

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