Equinix Announces Pricing Of $1.25 Bln Offering Of Notes - Quick Facts

(RTTNews) - Equinix, Inc. (EQIX), a global interconnection and data center company, said it has priced an offering of $750 million aggregate principal amount of its 5.375 percent senior notes due 2022 and $500 million aggregate principal amount of its 5.750 percent senior notes due 2025. This is an increase in combined aggregate principal amount from the $1 billion offering of notes previously announced.

The offering is expected to close on November 20, subject to customary closing conditions.

The notes will be Equinix's general senior obligations and will rank equal in right of payment to all its existing and future senior debt.

The net proceeds to Equinix from this offering will be approximately $1.233 billion after deducting underwriting discounts and estimated offering expenses.

Equinix intends to use the net proceeds from this offering to redeem its outstanding 7.00 percent Senior Notes due 2021 and for general corporate purposes.

J.P. Morgan, BofA Merrill Lynch, Barclays and Citigroup are acting as joint book-running managers and Deutsche Bank Securities, Evercore ISI, Goldman, Sachs & Co., RBC Capital Markets and TD Securities are the co-managers for the offering.