Equinix €1.1 billion green bond offering
Davis Polk advised Equinix, Inc. on an SEC-registered offering of €1.1 billion aggregate principal amount of senior notes. The offering consisted of €500 million aggregate principal amount of 0.250% senior green notes due 2027 and €600 million aggregate principal amount of 1.000% senior green notes due 2033. Equinix intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future Eligible Green Projects. Pending allocation, Equinix expects to use approximately €509.4 million of the net proceeds from this offering to fund the redemption of all of its outstanding 2.875% 2026 Euro senior notes, including the payment of the premium and accrued interest to the redemption date and the balance for working capital and other general corporate purposes.
Equinix connects enterprises and service providers directly to their customers and partners across the world’s most interconnected data center and interconnection platform in strategic markets across the Americas, Asia-Pacific and Europe, the Middle East and Africa.
The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Ali DeGolia and Travis B. Mitchell. Partner Mario J. Verdolini and associate Tomislava Dragicevic provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.