Equinix $750 million bond offering
We advised Equinix on the investment-grade debt offering
Davis Polk advised Equinix, Inc. on its SEC-registered offering of $750,000,000 aggregate principal amount of its 5.500% senior notes due 2034. The notes were issued by Equinix Europe 2 Financing Corporation LLC (Equinix Europe 2 Finco), a wholly-owned subsidiary of Equinix, Inc., and are fully and unconditionally guaranteed on an unsecured basis by Equinix, Inc. Equinix intends to use the net proceeds from this offering to fund the acquisition of additional properties or businesses, fund development opportunities, and to provide for working capital and other general corporate purposes, including but not limited to the refinancing of upcoming maturities and for repayment of existing borrowings.
Equinix connects enterprises and service providers directly to their customers and partners across the world’s most interconnected data center and interconnection platform in strategic markets across the Americas, Asia-Pacific and Europe, the Middle East and Africa.
The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Sunny Xu and Savannah J. Dowling. Partner Kara L. Mungovan, counsel Aliza Slansky and associate Betsy Johnson provided tax advice. Associates Harrison Perry and Nausherwan Ahmed Aamir provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.