Simpson Thacher Represents Underwriters in €2.5 Billion Senior Notes Offering by Equinix
Simpson Thacher represented the underwriters, led by Banco Santander, S.A., BNP PARIBAS, J.P. Morgan Securities plc, Merrill Lynch International and Standard Chartered Bank in connection with the offering by Equinix Europe 2 Financing Corporation LLC (the “Issuer”), an indirect, wholly-owned subsidiary of Equinix, Inc. (the “Company”), of €650 million aggregate principal amount of the Issuer’s 4.150% Senior Notes due 2028 (the “2028 Notes”), €700 million aggregate principal amount of the Issuer’s 4.800% Senior Notes due 2033 (the “2033 Notes”), €500 million aggregate principal amount of the Issuer’s 5.100% Senior Notes due 2035 (the “2035 Notes”) and €650 million aggregate principal amount of the Issuer’s 5.450% Senior Notes due 2038 (the “2038 Notes” and, together with the 2028 Notes, the 2033 Notes and the 2035 Notes, the “Notes”), each fully and unconditionally guaranteed by the Company on an unsecured basis.
The Company intends to allocate an amount equal to the net proceeds from the offering of the Notes to finance or refinance, in whole or in part, one or more eligible green projects. Pending full allocation of an amount equal to the net proceeds of the offering of the Notes, the net proceeds may be used in accordance with the Company’s general treasury policy and be held in cash, cash equivalents and U.S. government securities or used to repay existing borrowings.
The Company shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. The Company connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI – quickly, efficiently and everywhere.
The Simpson Thacher team included Dan Webb, Jonathan Kachiu, Megan Johanneson and Lina Shim (Capital Markets); Deborah Harris (Corporate – London); Russell Light and Michael Mann (Tax); Chandler Gerard-Reimer (Intellectual Property); Tristan Brown (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky).