Summary
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% 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%.
Key Highlights
- 1Equinix subsidiary priced CHF 100 million in 1.5575% bonds due 2029.
- 2The bonds will mature on September 4, 2029.
- 3An effective coupon rate of 1.67% will apply after accounting for interest rate hedges.
- 4The bonds are guaranteed by Equinix and will be unsecured and unsubordinated obligations.
- 5Net proceeds are intended to finance or refinance Eligible Green Projects as per Equinix's Green Finance Framework.
- 6The 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.
- 7The issuance is subject to customary closing conditions.