Equinix - New Issue Comment
Equinix, Inc. is to issue €750m of 8NC3 senior unsecured notes (SUN). The proceeds will be primarily used to call the $500m 4.875% SUN and add $369m cash to balance sheet. The notes will rank pari passu with the existing USD senior notes but will be subordinated to $3.9bn of senior secured debt (term loans, capital lease and RCF). The new bonds are rated BB+ by S&P and B1 by Moody’s.
Equinix provides colocation space and related offerings. The company operates International Business Exchange? (IBX?) data centers across the Americas; Europe, Middle East and Africa and Asia-Pacific geographic regions where customers directly interconnect with a network ecosystem of partners and customers. The company's data center solutions include IBX Data Centers and xScale Data Centers. The company's Interconnection Solution connect businesses within and between its data centers across its global platform. The company's edge services help businesses deploy as-a-service networking, security and hardware across its data center footprint, as an alternative to buying, owning and managing the physical infrastructure.
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