Simpson Thacher represented the underwriters, led by BNP Paribas Securities Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and MUFG Securities Americas Inc., in connection with the offering by Equinix, Inc. (the “Company”) of $1.2 billion aggregate principal amount of its 3.9% Senior Notes due 2032 (the “Notes”).
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, recently completed or future eligible green projects, with disbursements covering project expenditures for up to two years preceding the issuance date of the Notes and until and including the maturity date of the Notes, including the development and redevelopment of such projects. Pending the allocation of an amount equal to the net proceeds from the offering of the Notes to eligible green projects, the Company expects to hold or invest an amount equal to the unallocated balance of the net proceeds in cash, cash equivalents, and/or U.S. government securities.
Equinix is a global digital infrastructure company. It connects enterprises and service providers directly to their customers and partners across the world’s most interconnected data center and interconnection platform in the Americas, Asia-Pacific, and Europe, the Middle East and Africa.
The Simpson Thacher team included Dan Webb, Andy Roy and Laura Yang (Capital Markets); Russell Light and Michael Mann (Tax); Genevieve Dorment and Rachelle Broida (IP); Toby Chun and Noreen Lavan (Environmental); Tristan Brown and Megan Arrowsmith (ECEB); and Andrew Pagliughi (Blue Sky).