REDWOOD CITY, Calif.,
May 11, 2020 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the global interconnection
and data center company, today announced the pricing of an
underwritten public offering of 2,250,000 shares of its common
stock at a price to the public of $665.00 per share. All shares of common stock to
be sold in the offering are offered by Equinix. In addition,
Equinix has granted the underwriters a 30-day option to purchase up
to an additional 337,500 shares of its common stock. The offering
is expected to close on May 14, 2020, subject to customary
closing conditions.
Equinix is currently in advanced discussions with a seller to
acquire selected data center sites and their operations (the
"Potential Acquisition"). If Equinix completes the Potential
Acquisition, it intends to use a portion of the net proceeds of the
offering to fund the cost of the Potential Acquisition, and the
remainder for general corporate purposes, which could include
repayment of indebtedness, capital expenditures and working
capital. The completion of the offering is not contingent upon the
completion of the Potential Acquisition. If the Potential
Acquisition is not completed, then Equinix intends to use all of
the net proceeds for general corporate purposes.
Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities,
Citigroup and J.P. Morgan are acting as joint book-running managers
and representatives of the underwriters for the offering,
MUFG, SMBC, TD Securities, HSBC, ING, Mizuho Securities, RBC
Capital Markets, Barclays, BNP PARIBAS, Scotiabank and Wells Fargo
Securities are also acting as joint book-running managers for the
offering. BTIG, Deutsche Bank Securities, Evercore ISI and PNC
Capital Markets LLC are acting as co-managers for the offering.
The shares described above are being offered by Equinix only
pursuant to an effective registration statement, including a
prospectus supplement and accompanying prospectus. The preliminary
prospectus supplement and accompanying prospectus relating to the
offering have been filed with the SEC and are available on the
SEC's website located at http://www.sec.gov. A final prospectus
supplement will be filed with the SEC. Before you invest, you
should read the registration statement (including the prospectus
supplement for the offering and accompanying prospectus) for more
complete information about Equinix and the offering. Copies of the
preliminary prospectus supplement and the accompanying prospectus,
and when available, copies of the final prospectus, may be obtained
from Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co.
LLC, Attention: Prospectus Department, 200 West Street,
New York, NY 10282, by email at
prospectus-ny@ny.email.gs.com, or by phone at (866) 471-2526; BofA
Securities, NC1-004-03-43, 200 North College Street, 3rd Floor,
Charlotte, North Carolina
28255-0001, Attn: Prospectus Department, Email:
dg.prospectus_requests@bofa.com; Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146;
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, Attention Prospectus Department, or by calling
1-866-803-9204.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
About Equinix
Equinix, Inc. (Nasdaq: EQIX) connects
the world's leading businesses to their customers, employees and
partners inside the most-interconnected data centers. On this
global platform for digital business, companies come together
across more than 50 markets on five continents to reach everywhere,
interconnect everyone and integrate everything they need to create
their digital futures.
Forward Looking Statements
This press release
contains forward-looking statements that are based on Equinix's
current expectations. Such statements include plans,
projections and estimates regarding the offering, the receipt and
use of the proceeds from the offering and the Potential
Acquisition. Such forward-looking statements are subject to
certain risks, uncertainties and assumptions, including investor
demand, market conditions, customary closing conditions and other
factors. In particular, there can be no assurance that
Equinix will complete the offering. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those expected. More information about potential risk
factors that could affect Equinix and its results is included in
Equinix's filings with the SEC. Equinix does not assume
any obligation to update the forward-looking information contained
in this press release.
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SOURCE Equinix, Inc.