Equinix 8-K

Summary

Euro-denominated senior notes issuance. On 11/09/2026, an Equinix subsidiary issued €2.5B in four senior note tranches, fully and unconditionally guaranteed by Equinix. The company intends to use an amount equal to the net proceeds to finance or refinance eligible green projects.

Key Figures

• Notes: €650M at 4.150% due 11/09/2028; €700M at 4.800% due 02/15/2033; €500M at 5.100% due 11/09/2035; and €650M at 5.450% due 11/09/2038. Interest is payable annually; first payments are due 11/09/2027, 02/15/2027, 11/09/2027 and 11/09/2027, respectively. After accounting for estimated interest-rate hedges, the 2035 and 2038 notes have effective all-in rates of 4.91% and 5.42%.
• Proceeds may be held in cash, cash equivalents or U.S. government securities, or used to repay existing borrowings, pending allocation to eligible green projects.
• The notes are unsecured senior obligations of the issuer and are guaranteed on an unsecured basis by Equinix. They rank equally with the issuer’s unsecured, unsubordinated debt; the guarantees rank equally with Equinix’s unsecured, unsubordinated debt and are effectively subordinated to its secured debt.
• The issuer may redeem notes before maturity at principal plus accrued interest and a make-whole premium. The 2033 notes can be redeemed without a make-whole premium on or after 12/15/2032; the corresponding dates are 08/09/2035 for the 2035 notes and 08/09/2038 for the 2038 notes.
• Following a change-of-control triggering event, holders must be offered 101% of principal plus accrued interest. The indentures also include covenants on liens, certain asset sales and mergers, and sale-and-leaseback transactions.