debt
confidence high
sentiment neutral
materiality 0.65
Equinix issues $1.5B in senior notes via Singapore and Europe subsidiaries
EQUINIX INC
- $700M of 4.400% Senior Notes due 2031 issued by Equinix Asia Financing Corp, guaranteed by Equinix, with cross-currency swaps to SGD at ~2.6% effective rate.
- $800M of 4.700% Senior Notes due 2033 issued by Equinix Europe 2 Financing Corp, guaranteed by Equinix, with cross-currency swaps to EUR at ~3.6% effective rate.
- Notes mature March 15, 2031 and 2033; interest payable semi-annually starting Sept 15, 2026.
- Notes are unsecured senior obligations, structurally subordinated to subsidiary liabilities, rank equally with existing unsecured debt.
- Change of control repurchase at 101% of principal; standard covenants on liens, asset sales, and mergers.