Equinix inc announces 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 commencement of a cash 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 is being made on the terms and subject to the conditions set forth in the offer to purchase dated november 6, 2019 and the related notice of guaranteed delivery attached to the offer to purchase. as of november 6, 2019, there were $750,000,000 aggregate principal amount of the 2022 notes outstanding, $1,000,000,000 aggregate principal amount of the 2023 notes outstanding and $500,000,000 aggregate principal amount of the 2025 notes outstanding. the tender offer will expire at 5:00 p.m., new york city time, on november 13, 2019, unless extended or earlier terminated by equinix. the notes tendered may be withdrawn at any time at or before the expiration time by following the procedures described in the offer to purchase. holders of note must either validly tender their notes or follow the notice of guaranteed delivery procedures in the offer to purchase, in each case, at or before the expiration time to be eligible to receive the applicable tender consideration. equinix's obligation to accept for purchase and to pay for the notes validly tendered and not validly withdrawn pursuant to the tender offer is subject to the satisfaction or waiver, in equinix's discretion, of certain conditions, which are more fully described in the offer to purchase, including, among others, equinix's receipt of proceeds from a proposed offering of one or more new series of senior notes on terms, and in an amount, satisfactory to equinix, in its sole discretion, and subject to applicable law. the complete terms and conditions of the tender offer are set forth in the tender offer documents. equinix expressly reserves the right, in its sole discretion, subject to applicable law, to amend, extend or terminate the tender offer. to the extent any of the outstanding 2022 notes, 2023 notes and/or 2025 notes are not tendered and accepted for purchase in the tender offer, equinix may choose to redeem or repurchase any or all 2022 notes, 2023 notes and/or 2025 notes remaining outstanding after the tender offer. notwithstanding the foregoing, 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 in any event.
