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Equinix raises USD 2.1 bln for Verizon acquisition

Thursday 9 March 2017 | 08:31 CET | News
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Equinix has raised USD 1.25 billion in the issue of 5.375 percent senior notes due 2027. The company also sold 5.28 million shares at USD 360 per share. The underwriters have a 30-day option to sell another 791,666 shares. Equinix expects to use the net proceeds of USD 1.845 billion from the share sale and USD 1.236 billion from the bond sale as well as existing term loan B borrowings of USD 1.053 billion to finance the previously announced acquisition of the colocation services business of Verizon at 24 data centres.

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Categories: Fixed
Companies: Equinix / Verizon
Countries: United States
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