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Press release from Business Wire

Equinix Announces Pricing of $750 Million Public Offering of Senior Notes

Wednesday, July 06, 2011

Equinix Announces Pricing of $750 Million Public Offering of Senior Notes22:04 EDT Wednesday, July 06, 2011 REDWOOD CITY, Calif. (Business Wire) -- Equinix, Inc. (NASDAQ:EQIX), a provider of global data center services, today announced that it has priced an offering of $750 million aggregate principal amount of its 7.00% senior notes due 2021, an increase from the $500 million offering of notes previously announced. The offering is being made pursuant to an automatically effective shelf registration statement (including a preliminary prospectus relating to the offering) on file with the Securities and Exchange Commission (SEC). The offering is expected to close on July 13, 2011, subject to customary closing conditions. The notes will be Equinix's general senior obligations and will rank equal in right of payment to all of its existing and future senior indebtedness. Interest will be payable semi-annually at a rate of 7.00% per year. The notes will mature on July 15, 2021 and are redeemable by Equinix prior to maturity at a premium under certain circumstances. The net proceeds to Equinix from this offering will be approximately $736 million after deducting underwriting discounts and estimated offering expenses payable by it. Equinix intends to use the net proceeds from this offering for general corporate purposes, which may include capital expenditures, repayment of its 2.50% convertible subordinated notes due 2012 upon maturity, working capital and potential acquisitions. Currently, however, Equinix does not have any agreements or understandings with respect to any such material strategic transactions or acquisitions. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint book-running managers and Barclays Capital Inc., BofA Merrill Lynch, Evercore Group LLC, ING Financial Markets LLC and RBS Securities Inc. are acting as co-managers for the offering. Equinix has filed a registration statement (including a preliminary prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the registration statement (including the preliminary prospectus) for more complete information about Equinix and this offering. You may get the preliminary prospectus for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from J.P. Morgan Securities LLC at the following address: 383 Madison Avenue, 3rd Floor, New York, New York 10179 or by calling toll-free at: 800-245-8812 or from Citigroup Global Markets Inc. at the following address: Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 or by calling toll-free at: 800-831-9146. 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. Forward-Looking Statements This press release contains statements relating to the proposed offering of notes that are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Equinix will consummate the offering, prevailing market conditions, the anticipated use of the proceeds of the offering, which could change as a result of market conditions or for other reasons. Investors in Equinix are cautioned not to place undue reliance on its forward-looking statements, which speak only as of the date such statements are made. Equinix does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events. About Equinix, Inc. Equinix, Inc. connects businesses with partners and customers around the world through a global platform of high performance data centers, containing dynamic ecosystems and the broadest choice of networks. More than 3,350 enterprises, cloud, digital content and financial companies connect to more than 650 network service providers and rely on Platform Equinix to grow their business, improve application performance and protect their vital digital assets. Equinix operates in 37 strategic markets across the Americas, EMEA and Asia-Pacific and continually invests in expanding its platform to power customer growth. Equinix and IBX are registered trademarks of Equinix, Inc. International Business Exchange is a trademark of Equinix, Inc. Equinix Investor Relations Contacts:Equinix, Inc.Katrina Rymill, 650-598-6583krymill@equinix.comJason Starr, 650-598-6020jstarr@equinix.comorEquinix Media Contact:LEWIS PRScott Blevins, 415-992-4400equinixlewisus@equinix.com