Equinix offers four tranches of notes, including green notes

By Rebecca Melvin

New York, May 3 – Equinix Inc. is offering four tranches of fixed-rate senior notes (Baa3/BBB/BBB), including one series of green notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes are redeemable at par plus accrued and unpaid interest and with a make-whole premium paid depending on when the redemption occurs.

Upon a change of control, the company will be required to buy back the notes at 101% of the principal amount plus interest.

BofA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, MUFG and SMBC Nikko Securities America Inc. are the joint bookrunners of the offering.

Proceeds of the notes will be used for general corporate purposes, which may include working capital, capital expenditures, acquisitions, or retirement of debt.

Pending the funding of eligible green projects, the proceeds of the green notes will be used to fund temporarily repayment of a portion of the company’s term loan facility and redemption of its 5.375% senior notes due 2027.

Equinix is a Redwood City, Calif.-based data center company.

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