REDWOOD CITY, Calif., Sept. 24, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, today announced that it priced $1.85 billion in bonds, including $1.35 billion in its inaugural green bond offering. The green bonds will be used to help advance the company's longstanding commitment to sustainability leadership and reducing its environmental impact. The offering is expected to close on October 7, 2020, subject to the satisfaction of customary closing conditions.
Equinix intends to use most of the net proceeds from the offering to fund the redemption of all of its outstanding €1,000,000,000 2.875% Senior Notes due 2025 and €500,000,000 of its outstanding €1,000,000,000 2.875% Senior Notes due 2026, including, in each case, the payment of premiums, if applicable, and accrued and unpaid interest to, but not including, the redemption date. Equinix intends to use any remaining net proceeds from the offering for general corporate purposes.
In conjuction with the green bond offering, Equinix has developed a Green Finance Framework, based on the Green Bond Principles and Green Loan Principles, a set of guidelines that promote transparency and integrity in, and advance the standardization of, green debt disclosures. As outlined in the Framework, an amount equal to the net proceeds of the green bonds will be allocated to finance or refinance, in whole or in part, ongoing and new projects in categories such as green buildings, renewable energy, energy efficiency, sustainable water and wastewater management, waste management and clean transportation that are expected to deliver benefits to Equinix and its shareholders. The Framework is expected to further increase Equinix's focus on protecting the environment and addressing global climate change through greenhouse gas emissions reduction and drive corporate transparency and accountability. These investments are intended to benefit the communities in which Equinix operates, its employees and stakeholders, contributing to Equinix's mission to design, build and operate sustainable digital infrastructure.
Until an amount equal to the net proceeds from the green bonds has been fully allocated, Equinix will report annually through an allocation and impact report on the use of such funds and their environmental impacts. The report will be published on Equinix's Corporate Sustainability website. Sustainalytics, a leading global provider of ESG research, ratings and data, issued a second-party opinion on the environmental benefits of Equinix's Green Finance Framework as well as its alignment with the Green Bond Principles and Green Loan Principles.
For the offering of the bonds, Goldman Sachs & Co. LLC, ING Financial Markets LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC served as joint book-running managers, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Barclays Capital Inc., BNP Paribas Securities Corp., Mizuho Securities USA LLC and Scotia Capital (USA) Inc. served as bookrunners and PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC served as co-managers. ING served as sole Green Bond Structuring Agent.
Equinix is dedicated to protecting, connecting and powering a sustainable digital world. Equinix's green initiatives as outlined in its Green Finance Framework are environmentally responsible and will have the greatest societal benefits as outlined by the United Nations (UN) Sustainable Development Goals. Some examples of Equinix's commitments include:
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the bonds or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. In addition, this press release is not an offer to purchase or a notice of redemption with regard to any outstanding notes or any other securities.
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.
This press release contains forward-looking statements that are based on Equinix's current expectations, including statements regarding the offering of the bonds, its sustainability objectives, the receipt and use of the net proceeds from the offering of the bonds and the consummation of any redemptions of outstanding notes. Such 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. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Equinix and its results is included in Equinix's filings with the SEC. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
SOURCE Equinix, Inc.