Equinix holders convert $54 million of 2.5% convertible debentures

By Laura Lutz

Des Moines, March 14 - Equinix, Inc. converted $54 million principal amount of its 2.5% convertible debentures due Feb. 14, 2024 under an agreement with the holders.

The company issued 1,367,090 shares for the notes.

Holders also received a cash payment equal to the present value of the future interest payments due through Feb. 14, 2009 plus an inducement fee.

Based in Foster City, Calif., Equinix provides data centers and internet exchange services.

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