01—Abstract
Summary
Summary of the 8-K filed August 22, 2024. Cited figures are marked; the original filing is the authoritative source.
Equinix, Inc. (EQIX) announced through its wholly-owned subsidiary, Equinix Europe 1 Financing Corporation LLC, the pricing of CHF 100,000,000 in aggregate principal amount of 1.5575%a bonds due 2029.
These bonds, expected to be issued on September 4, 2024, will be unconditionally guaranteed by Equinix and will represent unsecured and unsubordinated obligations. The effective coupon rate, after accounting for interest rate hedges, will be 1.67%b.
02—Key points
Key Highlights
- Equinix subsidiary priced CHF 100 million in 1.5575% bonds due 2029.
- The bonds will mature on September 4, 2029.
- An effective coupon rate of 1.67% will apply after accounting for interest rate hedges.
- The bonds are guaranteed by Equinix and will be unsecured and unsubordinated obligations.
- Net proceeds are intended to finance or refinance Eligible Green Projects as per Equinix's Green Finance Framework.
- The bonds are offered and sold outside the United States in reliance on Regulation S and have been provisionally admitted to trading on the SIX Swiss Exchange.
- The issuance is subject to customary closing conditions.
03—Questions
Frequently Asked Questions
What is the total principal amount of the bonds being issued?
The total aggregate principal amount of the bonds being issued is CHF 100,000,000.
What is the intended use of the net proceeds from this bond offering?
Equinix intends to allocate an amount equal to the net proceeds to finance or refinance Eligible Green Projects as defined in its Green Finance Framework. Pending full allocation, proceeds may be held in cash, cash equivalents, U.S. government securities, or used to repay existing borrowings.
Are these bonds being offered in the United States?
No, the bonds are being offered and sold outside the United States in reliance on Regulation S under the Securities Act of 1933. They have not been registered under the Act and may not be offered or sold in the United States without registration or an applicable exemption.
Where will these bonds be traded?
The bonds have been provisionally admitted to trading on the SIX Swiss Exchange, and an application will be made for listing in accordance with the standard for bonds on that exchange.
04—Continue