Equinix Plans $1 Bln Senior Notes Offering

(RTTNews) - Equinix, Inc. (EQIX) said Monday that it plans to offer $1 billion aggregate principal amount of its senior notes due 2021 and senior notes due 2024.

The interest rate, offering price and other terms of the notes will be determined by Equinix and the underwriters.

Equinix said it plans to use the net proceeds from the offering to redeem its outstanding 7.00% Senior Notes due 2021 pursuant to the redemption provisions of such notes and for general corporate purposes, which may include capital expenditures, distributions to its stockholders in connection with its proposed conversion to a real estate investment trust, working capital and potential acquisitions and strategic transactions.