Davis Polk advised Equinix, Inc. on its SEC-registered offering of €1 billion aggregate principal amount of 2.875% senior notes due 2026. Equinix, Inc. intends to use the net proceeds of the offering, together with approximately $10 million of cash on hand, to repay in full its existing €995 million term loan due 2024.
Equinix, Inc. connects more than 9,500 companies directly to their customers and partners inside the world’s most interconnected data centers.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Jahnavi Pendharkar, Tiffany Meyer and Benson Richards. Partner Rachel D. Kleinberg and associate Catherine L. Chu provided tax advice. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.