Equinix values ​​€ 1.1 billion in green bonds to advance sustainability initiatives

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REDWOOD CITY, California, February 25, 2021 / PRNewswire / – Equinix, Inc. (Nasdaq: EQIX), the global digital infrastructure company, today announced that it has priced € 1.1 billion of two-tranche bonds in its second offering green bonds. Green bonds will be used to help advance the company’s long-standing commitment to sustainability leadership and reducing its environmental impact. The offer is expected to close on March 10, 2021, subject to the satisfaction of the usual closing conditions.

Senior bonds of € 500 million at 0.250% due 2027 and senior bonds of € 600 million at 1,000% due 2033 have a weighted average interest cost of 0.66%, which represents a 2.215% reduction in cost compared to Equinix’s existing senior bonds denominated in euros.

Equinix intends to allocate an amount equal to the net proceeds of the offering to finance or refinance, in whole or in part, recently completed or future eligible green projects, with disbursements covering project expenses for up to two years. prior to the date of issue of the Notes and up to and including the Maturity Date of the Notes, including the development and redevelopment of such projects. Pending the award, Equinix expects to use approximately € 509.4 million of the net proceeds of this offering to finance the repurchase of all of its outstanding 2.875%. 2026 euros Senior Notes, including payment of premium and accrued interest to the date of redemption and the balance for working capital and other general corporate purposes. The refinancing will result in € 11.1 million in annual interest savings.

For the bond offering, Barclays Bank PLC, Deutsche Bank AG, London Branch, HSBC Bank plc and ING Bank NV acted as joint bookkeepers, Merrill Lynch International, Citigroup Global Markets Limited, Goldman Sachs & Co. LLC, JP Morgan Securities plc, MUFG Securities EMEA plc, RBC Europe Limited, SMBC Nikko Capital Markets Limited, The Toronto-Dominion Bank, BNP Paribas, Mizuho International plc, Morgan Stanley & Co. International plc, Scotiabank Europe plc, PNC Capital Markets LLC, US Bancorp Investments, Inc. and Wells Fargo Securities International Limited have acted as bookkeepers. ING was the only advisor in green structuring.

Highlights / Main facts

  • Along with its inaugural green bond offering in Q3 2020, Equinix has developed a green financing framework based on the principles of green bonds and the principles of green lending, a set of guidelines that promote transparency and integrity and advance the standardization of information on green debt. As stated in the Equinix Green Funding Framework, an amount equal to the net proceeds of the Green Bonds will be allocated to finance or refinance, in whole or in part, of recently completed or future eligible green projects in categories such as buildings. green, renewable energies, energy efficiency, sustainable management of water and wastewater, waste management and clean transport which should bring benefits to Equinix and its shareholders.
    The framework will strengthen Equinix’s focus on protecting the environment and addressing global climate change by reducing greenhouse gas emissions, increasing resource efficiency and promoting transparency and accountability. enterprises.
  • Equinix continues to advance its green initiatives with its recent support for the New Compact for Climate Neutral Data Center Operators and the Self-Regulatory Initiative. The Pact marks the first time that the data center industry has come together to solidify its commitment to ensuring that Europe’s data centers are carbon neutral by 2030.
  • Until an amount equal to the net proceeds of Green Bonds has been fully allocated, Equinix will report annually, through an allocation and impact report, on the use of these funds and their environmental impacts. The report will be published on Equinix’s Corporate Sustainability website. Sustainalytics, one of the world’s leading providers of ESG research, ratings and data, issued a second-party opinion on the environmental benefits of Equinix’s green finance framework and its alignment with the principles of green bonds and the principles of green loans.

Quote

  • Keith taylor, CFO, Equinix
    “Equinix is ​​committed to accelerating our momentum and investing in greening our data center footprint, delivering far-reaching environmental benefits not only for ourselves and our communities, but also for our global customers. . The Green Bond is one of the many tools we use to advance our environmental sustainability initiatives and continue to move towards achieving our ambitious sustainability goals. “

Additional resources

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Bonds or any other security and does not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. In addition, this press release is not an offer to buy or a notice to buy back any outstanding note or any other security.

About Equinix
Equinix (Nasdaq: EQIX) is the global digital infrastructure company, enabling digital leaders to leverage a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix gives today’s businesses access to all the right places, partners and opportunities they need to accelerate their advantage. With Equinix, they can scale with agility, accelerate the launch of digital services, deliver world-class experiences and multiply their value.

Forward-looking statements
This press release contains forward-looking statements based on Equinix’s current expectations, including statements regarding the bond offering, its sustainability objectives, the receipt and use of the net proceeds from the bond offering, and the consumption of any reimbursement of exceptional notes. These forward-looking statements are subject to certain risks, uncertainties and assumptions, including market conditions, customary closing conditions and other factors. In particular, there can be no assurance that Equinix will complete the Offering of the Bonds. If one or more of these risks or uncertainties materialize, or if the underlying assumptions turn out to be inaccurate, actual results could differ materially from those expected. Further information on potential risk factors that could affect Equinix and its results are included in the documents filed by Equinix with the SEC. Equinix assumes no obligation to update any forward-looking information contained in this press release.

SOURCE Equinix, Inc.

Related links

http://www.equinix.com

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