Stock News Buzz: Equinix, Inc (NASDAQ:EQIX)

On Wednesday Equinix, Inc (NASDAQ:EQIX) stock recorded daily change of 0.89% to close at $531.88 with the total traded volume of 377467 shares along average volume of 361217 shares 52 week range of the stock remained $ 335.29 – 609.97 while its day low price was $527.85 and its hit its day high price at $534.99. Its previous closing value stands at $527.19. EQIX total market capitalization is $45358115154. Currently stocks EPS is $5.9 while its price to earnings ratio is 90.1

On Nov. 6, 2019, Equinix, Inc (NASDAQ:EQIX) the global interconnection and data center company, has priced an underwritten public offering of $2.8 billion aggregate principal amount of senior notes, consisting of $1,000,000,000 of 2.625% senior notes due 2024 (the 2024 Notes), $600,000,000 of 2.900% senior notes due 2026 (the 2026 Notes) and $1,200,000,000 of 3.200% senior notes due 2029 (the 2029 Notes, and together with the 2024 Notes and the 2026 Notes, the Notes). The offering is expected to close on November 18, 2019, subject to the satisfaction of customary closing conditions.

Equinix intends to use a portion of the net proceeds from the sale of the Notes to fund the purchase of all its outstanding 5.375% senior notes due 2022 (the 2022 Notes), 5.375% senior notes due 2023 (the 2023 Notes) and 5.750% senior notes due 2025 (the 2025 Notes) accepted for purchase in Equinix’s concurrent cash tender offer (the Tender Offer), including the payment of premiums, accrued interest and costs and expenses in connection with 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. Equinix may use a portion of the net proceeds from the sale of the Notes in this offering to fund any such redemptions and/or repurchases of the 2022 Notes, 2023 Notes and 2025 Notes, including the payment of premiums, accrued interest and costs and expenses in connection with any such redemptions or repurchases to the extent Equinix chooses to make them. 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.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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