), the global interconnection and data center company, today announced that it intends to offer, subject to market and other conditions, $1 billion aggregate principal amount of its senior notes due 2020 and senior notes due 2023 under an automatically effective shelf registration statement on file with the Securities and Exchange Commission (SEC). The notes will be Equinix’s general senior obligations and will rank equal in right of payment to all of its existing and future senior indebtedness and interest will be payable semi-annually. The interest rate, offering price and other terms of the notes will be determined by Equinix and the underwriters.
Equinix intends to use the net proceeds from this offering to redeem its outstanding 8.125% Senior Notes due 2018 pursuant to the optional redemption provisions of such notes and 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.
J.P. Morgan, Barclays, Citigroup, BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers and Evercore Partners, Goldman, Sachs & Co., HSBC, RBC Capital Markets and UBS Investment Bank are acting as co-managers for the offering.
Equinix has filed a registration statement (including a preliminary prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the registration statement (including the preliminary prospectus) for more complete information about Equinix and this offering. You may get the preliminary prospectus for free by visiting EDGAR on the SEC website at
. Alternatively, copies may be obtained from J.P. Morgan Securities LLC at the following address: 383 Madison Avenue, 3rd Floor, New York, New York 10179 or by calling toll-free at: 800-245-8812.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.