Equinix, inc. announces expiration and tender results of cash tender offer for 5.375% senior notes due 2022, 5.375% senior notes due 2023 and 5.750% senior notes due 2025

Equinix, inc. announced the expiration and tender results of its previously announced cash tender offer (the tender offer) for any and all of its outstanding 5.375% senior notes due 2022, 5.375% senior notes due 2023 and 5.750% senior notes due 2025. the tender offer expired at 5:00 p.m., new york city time, on november 13, 2019 (the "expiration time"). the table below sets forth the aggregate principal amount of 2022 notes, 2023 notes and 2025 notes that had been validly tendered and not withdrawn in the tender offer as of the expiration time, which amounts exclude notes that remain subject to guaranteed delivery procedures. payment for the notes purchased pursuant to the tender offer, including the notes that remain subject to guaranteed delivery procedures, is intended to be made on november 18, 2019. the closing of the tender offer is subject to the satisfaction of customary closing conditions. equinix expects to fund the total tender offer consideration from the net proceeds of its previously announced issuance and sale of its 2.625% senior notes due 2024, 2.900% senior notes due 2026 and 3.200% senior notes due 2029 (the "new notes"), which is expected to close on november 18, 2019, subject to the satisfaction of customary closing conditions. equinix intends to redeem all the 2023 notes and 2025 notes that have not been tendered in the tender offer on the anticipated redemption date of december 16, 2019. equinix does not expect to redeem the 2022 notes pursuant to the terms of the indenture in respect of such notes prior to january 1, 2020. the tender offer was made pursuant to equinix's offer to purchase dated november 6, 2019. this press release is neither an offer to purchase nor a solicitation of an offer to sell any of the notes nor is it a solicitation for acceptance of the tender offer and does not constitute a notice of redemption for the 2022 notes, 2023 notes or 2025 notes.
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