Equinix Announces Proposed $1 Billion Public Offering of Senior Notes
REDWOOD CITY, Calif. -- February 28, 2013
Equinix, Inc. (NASDAQ: EQIX), 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
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 www.sec.gov. 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.
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,000 companies directly to
their customers and partners inside the world’s most networked data centers.
Today, businesses leverage the Equinix interconnection platform in 31
strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.
This press release contains statements relating to the proposed offering of
notes that are forward-looking statements pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties that could cause actual results to
differ materially, including, but not limited to, whether or not Equinix will
offer the notes or consummate the offering, the final terms of the offering,
prevailing market conditions, the anticipated principal amount of the notes,
which could differ based upon market conditions and the anticipated use of the
proceeds of the offering, which could change as a result of market conditions
or for other reasons.
Investors in Equinix are cautioned not to place undue reliance on its
forward-looking statements, which speak only as of the date such statements
are made. Equinix does not undertake any obligation to publicly update any
forward-looking statements to reflect events, circumstances or new information
after this press release, or to reflect the occurrence of unanticipated
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
Equinix Investor Relations Contacts:
Katrina Rymill, 650-598-6583
Samir Patodia, 650-598-6587
Equinix Media Contact:
Melissa Neumann, 650-598-6098
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