Equinix, Inc. (Nasdaq: EQIX) said that it intends to offer USD1 billion in aggregate principal amount of its 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 and interest will be payable semi-annually. The interest rate, offering price and other terms of thenotes will be determined by Equinix and the underwriters.
Equinix intends to use the net proceeds of the offering, together with the net proceeds of the offering of USD750.0 million of its common stock, the net proceeds of a proposed senior secured term loan that it intends to seek in an aggregate principal amount of up to approximately USD700 million and cash on hand, for merger and acquisition activities and repayment of indebtedness for the entire issued and to be issued share capital of Telecity Group plc and repayment of existing TelecityGroup indebtedness in connection therewith and for general corporate purposes.
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. In 33 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.