Equinix’s €1.1 Billion Green Bond Offering

Davis Polk advised Equinix, while Cahill represented the underwriters on the deal.

Equinix, Inc. executed its offering of €1.1 billion aggregate principal amount of senior notes. The offering consisted of €500 million aggregate principal amount of 0.250% senior green notes due 2027 and €600 million aggregate principal amount of 1.000% senior green notes due 2033. Equinix intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future Eligible Green Projects. Pending allocation, Equinix expects to use approximately €509.4 million of the net proceeds from this offering to fund the redemption of all of its outstanding 2.875% 2026 Euro senior notes, including the payment of the premium and accrued interest to the redemption date and the balance for working capital and other general corporate purposes.

Barclays Bank PLC, Deutsche Bank AG, London Branch, HSBC Bank plc, ING Bank N.V., Merrill Lynch International, Citigroup Global Markets Limited, Goldman Sachs & Co. LLC, J.P. 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, U.S. Bancorp Investments, Inc., and Wells Fargo Securities International Limited acted as underwriters.

Equinix connects enterprises and service providers directly to their customers and partners across the world’s most interconnected data center and interconnection platform in strategic markets across the Americas, Asia-Pacific and Europe, the Middle East and Africa.

The Davis Polk corporate team advising Equinix included partners Alan F. Denenberg (Picture) and Emily Roberts and associates Ali DeGolia and Travis B. Mitchell. Partner Mario J. Verdolini and associate Tomislava Dragicevic provided tax advice. 

Cahill represented the underwriters with William J. Miller, Daniel Anderson, Marc Shepsman, Dana Sorbi, and Elizabeth Sweeny.

Involved fees earner: Daniel Anderson – Cahill Gordon & Reindel; William Miller – Cahill Gordon & Reindel; Marc Shepsman – Cahill Gordon & Reindel; Dana Sorbi – Cahill Gordon & Reindel; Elizabeth Sweeny – Cahill Gordon & Reindel; Ali DeGolia – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Tomislava Dragicevic – Davis Polk & Wardwell; Travis Mitchell – Davis Polk & Wardwell; Emily Roberts – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Cahill Gordon & Reindel; Davis Polk & Wardwell;

Clients: Barclays Bank; BNP Paribas; Citigroup Global Markets Ltd; Deutsche Bank AG London Branch; Equinix; Goldman Sachs & Co.; Hsbc Bank plc; ING Bank; J.P. Morgan Securities LLC; Merrill Lynch International; Mizuho; Morgan Stanley; MUFG Securities EMEA plc; PNC Capital Markets LLC; RBC Europe Limited; Scotiabank Europe; Smbc Nikko Capital Markets Limited; Toronto-Dominion Bank; U.S. Bancorp Investments; Wells Fargo Securities;

Author: Martina Bellini