JUNE 15, 2009
Equinix Announces the Exercise of the Overallotment Option for Its Convertible Subordinated Notes Due 2016
FOSTER CITY, Calif. – June 15, 2009 – Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that the underwriters have exercised in full their over-allotment option to purchase an additional $48.75 million aggregate principal amount of Equinix’s 4.75% convertible subordinated notes due 2016 in connection with the previously announced offering of the initial notes which closed June 12, 2009. The exercise of the over-allotment option will bring the total aggregate principal amount of the notes issued to $373.75 million. The aggregate net proceeds to Equinix from the sale of the initial notes and the additional notes will be $363.8 million after deducting underwriting discounts and estimated offering expenses. The additional notes will have the same terms as the initial notes.
The net proceeds to Equinix from the sale of the additional notes will be approximately $47.5 million after deducting underwriting discounts. Equinix intends to use approximately $6.5 million of the net proceeds from the sale of the additional notes to pay the cost of additional capped call transactions. The balance of the net proceeds will be used to fund the development of expansion opportunities and for general corporate purposes.
Citi, J.P. Morgan Securities Inc. and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.
About Equinix, Inc.
Equinix, Inc. (Nasdaq: EQIX) provides global
data center services that ensure the vitality of the information-driven world.
Global enterprises, content and financial companies, and network service
providers rely upon Equinix’s insight and expertise to protect and connect
their most valued information assets. Equinix operates 42 International
Business Exchange™ (IBX®)
data centers across 18 markets in North America, Europe and Asia-Pacific.