Equinix to redeem $750 million 8 1/8% senior notes via new offerings

By Tali David

Minneapolis, Feb. 28 - Equinix Inc. plans to redeem its outstanding 8 1/8% senior notes due 2018 with the proceeds of two new note offerings, according to a S-3ASR filed with the Securities and Exchange Commission.

The company will also use proceeds for general corporate purposes, which may include capital expenditures, distributions to its stockholders in connection with its proposed conversion to a REIT, working capital and potential acquisitions and strategic transactions.

As of Dec. 31, the outstanding aggregate principal amount of the notes was $750 million.

Equinix is a Redwood City, Calif.-based provider of global data center services.

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