Davis Polk Advises Equinix, Inc. on Its €1 Billion High-Yield Notes Offering
Davis Polk advised Equinix, Inc. on its SEC-registered offering of €1 billion aggregate principal amount of 2.875% senior notes due 2025. Equinix, Inc. intends to use approximately €430.4 million (or approximately $512.2 million) of the net proceeds of the offering to redeem all of its outstanding 4.875% senior notes due 2020 and the balance for general corporate purposes.
Equinix, Inc. connects more than 9,500 companies directly to their customers and partners inside the world’s most interconnected data centers. Today, businesses leverage the Equinix interconnection platform in 44 strategic markets across the Americas, Asia-Pacific and Europe, Middle East and Africa.
The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Leeann Overstreet. Partner Rachel D. Kleinberg and associate Catherine L. Chu provided tax advice. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.