Skip navigation

Equinix to Sell $500 Million in Debt Offering

Colocation provider Equinix, Inc. (EQIX) will sell $500 million in debt, some of which it will use to complete its acquisition of Switch & Data, the company said late Monday.

Colocation provider Equinix, Inc. (EQIX) will sell $500 million in debt, some of which it will use to complete its  acquisition of Switch & Data, the company said late Monday. Equinix said it will issue $500 million of its senior notes due 2018 under a shelf registration statement on file with the Securities and Exchange Commission (SEC). The interest rate, offering price and other terms of the notes will be determined by Equinix and the underwriters.

Equinix intends to use the money raised from the offering for expansion capital expenditures and repaying debt, including some debt it expects to assume in connection with its deal for colocation rival Switch and Data. Completion of the $689 million acquisition is delayed by pending approvals from federal antitrust regulators, and not likely to close until the second quarter.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are acting as joint book-running managers and BofA Merrill Lynch, Barclays Capital Inc., Goldman, Sachs & Co., ING Financial Markets LLC and RBS Securities Inc. are acting as co-managers for the offering.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish