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Equinix in Advanced Discussions to Acquire Selected Data Center Sites

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After granting underwriters a 30-day option to purchase up to an additional 337,500 shares of its common stock, representing $1.5 billion of common stock, colocation and interconnection provider Equinix intends to complete a potential acquisition. Equinix is currently in advanced discussions with a seller to acquire selected data center sites and their operations.

If Equinix completes the potential acquisition, it intends to use a portion of the net proceeds of the offering to fund the cost of this acquisition, and the remainder for general corporate purposes, which could include repayment of indebtedness, capital expenditures and working capital.

The completion of the offering is not contingent upon the completion of the potential acquisition. If the potential acquisition is not completed, then Equinix intends to use all of the net proceeds for general corporate purposes.

Morgan Stanley, Goldman Sachs & Co., BofA Securities, Citigroup and J.P. Morgan are acting as joint book-running managers and representatives of the underwriters for the offering, MUFG, SMBC, TD Securities, HSBC, ING, Mizuho Securities, RBC Capital Markets, Barclays, BNP PARIBAS, Scotiabank and Wells Fargo Securities are also acting as joint book-running managers for the offering. BTIG, Deutsche Bank Securities, Evercore ISI and PNC Capital Markets LLC are acting as co-managers for the offering.

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