Summary
Equinix, Inc. (EQIX) announced through its wholly owned subsidiary, Equinix Europe 1 Financing Corporation LLC, the pricing of CHF 300,000,000 in aggregate principal amount of 2.875% bonds maturing in 2028. These bonds, expected to be issued on September 12, 2023, carry an unconditional and irrevocable guarantee from Equinix, Inc. itself, making them unsecured and unsubordinated obligations of both the issuer and Equinix. This financing activity, conducted outside the United States in reliance on Regulation S and not registered under the Securities Act of 1933, indicates Equinix's ongoing strategy to access global capital markets for funding. Investors should note that the bonds have been provisionally admitted to trading on the SIX Swiss Exchange, with an application for listing to be made. The issuance of these bonds at a 2.875% interest rate suggests a relatively favorable borrowing cost for Equinix, reflecting confidence in the company's creditworthiness. The offering's international focus underscores Equinix's global operational footprint and its need for diversified funding sources to support its expansion and infrastructure development.
Key Highlights
- 1Equinix's subsidiary priced CHF 300,000,000 of 2.875% bonds due 2028.
- 2The bonds will mature on September 12, 2028.
- 3Equinix, Inc. unconditionally guarantees the principal and interest of the bonds.
- 4The bonds will be unsecured and unsubordinated obligations.
- 5The expected issuance date is September 12, 2023, subject to customary closing conditions.
- 6The bonds are provisionally admitted to trading on the SIX Swiss Exchange and an application for listing will be made.
- 7The offering is conducted outside the United States under Regulation S and is not registered with the SEC.