Equinix to pay down 364-day credit facility borrowings via new notes

By Sarah Lizee

Olympia, Wash., June 8 – Equinix, Inc. plans to fully repay the outstanding amounts under tis 364-day facilities using $391 million of proceeds from an offering of new notes, according to a 424B5 filing with the Securities and Exchange Commission.

The company said that it plans to price a four-part offering of fixed-rate senior notes.

Proceeds will also be used to redeem all of the company’s outstanding €750 million 2.875% senior notes due 2024 and $1.1 million 5.875% senior notes due 2026, as well as for general corporate purposes.

Equinix is a Redwood City, Calif.-based data center company.

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