debt
confidence high
sentiment neutral
materiality 0.55
Equinix issues $3.0B in senior notes; 2029/2031/2033/2036 tranches, rates 5.000%-5.800%
EQUINIX INC
- $850M 5.000% notes due 2029, $850M 5.250% notes due 2031 (Europe 2 Finco, guaranteed by Equinix), $650M 5.500% notes due 2033, $650M 5.800% notes due 2036.
- Europe 2 Finco entered cross-currency swaps to swap 2031 notes to Euros; effective rate ~3.95%.
- Notes are unsecured senior obligations; 2031 notes fully and unconditionally guaranteed by Equinix.
- Interest payable semi-annually on Feb 15 and Aug 15, beginning Feb 15, 2027.
- Redemption: make-whole call prior to par call dates (15-20 bps spread), then at par.