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Equinix starts roadshow for $500 million eight-year senior notes
By Paul A. Harris
St. Louis, Feb. 23 - Equinix, Inc. began a brief roadshow on Tuesday for its $500 million offering of eight-year senior notes (/BB-/), according to a market source.
The roadshow wraps up on Thursday.
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are joint bookrunners for the offering of notes, which is registered with the Securities and Exchange Commission. Bank of America Merrill Lynch, Barclays Capital Inc., Goldman Sachs & Co., ING and RBS Securities Inc. are co-managers.
The notes will come with a make-whole call for the first four years and then will become callable at a premium.
Proceeds will be used for general corporate purposes, which may include expansion capital expenditures and debt repayment, including debt expected to be assumed in connection with the planned acquisition of Switch and Data.
Equinix is a Foster City, Calif.-based provider of network neutral colocation, interconnection and managed internet technology infrastructure services.
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