Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Equinix, Inc. > News item |
Equinix plans to price €1 billion 10-year senior notes on Tuesday; initial talk set at 3% area
By Paul A. Harris
Portland, Ore., Dec. 5 – Equinix, Inc. circulated initial guidance for its €1 billion offering of 10-year senior notes (BB+) in the 3% area, according to a sellside source.
The deal is expected to price on Tuesday.
BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG and RBC Capital Markets are the bookrunners.
The notes come with five years of call protection.
The Redwood City, Calif.-based data services company plans to use proceeds, together with about $10 million cash on hand, to repay in full its existing €995 million term loan due 2024.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.