Equinix €600 million green bond offering
We advised Equinix on the euro notes offering
Davis Polk advised Equinix, Inc. on an SEC-registered offering of €600 million aggregate principal amount of its 3.650% senior notes due 2033. The notes were issued by Equinix Europe 2 Financing Corporation LLC, a wholly owned subsidiary of Equinix, Inc., and are fully and unconditionally guaranteed on an unsecured basis by Equinix, Inc. Equinix intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, one or more eligible green projects. Pending allocation, the net proceeds may be used in accordance with Equinix’s general treasury policy and be held in cash, cash equivalents and/or U.S. government securities or used to repay existing borrowings or upcoming maturities.
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, Savannah J. Dowling and Brendon S. Brown. Partner Aliza Slansky and associates Alanna Phillips and David J. Beer provided tax advice. Associates Harrison Perry and Nausherwan Ahmed Aamir provided ’40 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.