Equinix, Inc. (Nasdaq: EQIX) said it has priced an offering of USD1.1 billion in aggregate principal amount of its 5.875 percent senior notes due 2026.
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. Interest will be payable semi-annually at a rate of 5.875 percent per year.
The notes will mature on January 15, 2026. The notes are redeemable by Equinix prior to maturity at a premium under certain circumstances.
The net proceeds to Equinix from this offering will be approximately USD1.084 billion after deducting underwriting discounts and estimated offering expenses payable by it. Equinix intends to use any proceeds for merger and acquisition activities and repayment of indebtedness.
J.P. Morgan, BofA Merrill Lynch, Citigroup and RBC Capital Markets are acting as joint book-running managers for the offering and TD Securities, ING, HSBC and MUFG are acting as co-managers for the offering.
Equinix connects the world´s leading businesses to their customers, employees and partners inside the most interconnected data centers.