Equinix Continues to Extend Sustainability Tasks with Extra €1.15 Billion in Inexperienced Bonds

REDWOOD CITY, Calif., Nov. 25, 2024 /PRNewswire/ — Equinix, Inc. (Nasdaq: EQIX), the sector’s virtual infrastructure corporate^®, as of late introduced that it has issued an backup €1.15 billion in inexperienced bonds. This builds on greater than $750 million offerings in inexperienced bonds that Equinix finished in September this yr. With those actual issuances, Equinix can have issued a complete of roughly $6.9 billion of inexperienced bonds, making it a lead 5 issuer of inexperienced bonds within the U.S. Equinix will make the most of the golf green bonds to additional its sustainability tasks and fortify the operational potency of its international industry.

“We view green finance as an integral part of our sustainability strategy at Equinix,” mentioned Katrina Rymill, SVP Company Finance & Sustainability, Equinix. “Our green bonds demonstrate Equinix’s continued commitment to design, build and deliver the most reliable, secure and sustainable data center and digital infrastructure possible in order to benefit our customers, our investors, and the communities in which we operate.”

Equinix issued €650 million predominant quantity of three.25% senior inexperienced notes due 2031 and €500 million predominant quantity of three.625% senior inexperienced notes due 2034. Equinix worn fee locks to hedge a good portion of the rate of interest possibility related to the issuance of the Euro inexperienced bonds. Accounting for such hedges, the 6-year and the 10-year Euro inexperienced bonds are anticipated to hold an efficient coupon to Equinix of three.27% and three.65%, respectively. The providing closed on November 22, 2024.

Equinix intends to allocate an quantity equivalent to the web proceeds from the golf green bonds to finance or refinance, in entire or partly, not too long ago finished or pace Eligible Inexperienced Initiatives. Equinix’s allocation technique comprises protecting undertaking expenditures as much as two years prior to the issuance of the golf green bonds and 3 years following the golf green bond issuance. Those tasks, which method the spine of the corporate’s sustainability undertaking, span a large field of impactful sections—from inexperienced construction building and renewable power inventions to complex power potency, useful resource conservation and state-of-the-art decarbonization answers.

Highlights/Key Information

Equinix’s Eligible Inexperienced Initiatives observe its 2024 Inexperienced Finance Framework in accordance with the Inexperienced Bond Rules of June 2021 and Inexperienced Mortgage Rules of February 2023, a suite of tips that advertise transparency and integrity in, and travel the standardization of, inexperienced debt disclosures. The Framework goals to extend Equinix’s focal point on protective the condition and addressing international shape exchange via greenhouse fuel emissions discounts, expanding useful resource potency and riding company transparency and responsibility.
Globally, Equinix has endured to put money into untouched and leading edge applied sciences in power potency, renewable power and warmth export tasks as a part of its international Week First sustainability technique, that specialize in boxes that experience the best have an effect on on consumers and key stakeholders.
- In 2023, it maintained 96% renewable power protection throughout its portfolio. It additionally extra inquisitive about making improvements to the power potency of its amenities as slow by means of energy utilization effectiveness (PUE), which progressed 8%+ in comparison to the prior yr.
- As well as, Equinix was once known for its shape efficiency and transparency in 2023 by means of attaining the best possible score of the CDP’s prestigious Shape Exchange A Listing for the second one consecutive yr. Of 23,000+ firms that disclosed environmental information to CDP in 2023, lower than 2% won the lead rating.

Extra Assets

About Equinix
Equinix (Nasdaq: EQIX) is the sector’s virtual infrastructure corporate®. Virtual leaders harness Equinix’s relied on platform to deliver in combination and interconnect foundational infrastructure at tool pace. Equinix permits organizations to get entry to the entire proper playgrounds, companions and chances to scale with agility, pace the founding of virtual products and services, ship world-class reviews and multiply their price, week supporting their sustainability targets.

Ahead-Having a look Statements
This press loose comprises forward-looking statements that contain dangers and uncertainties. Latest effects might range materially from expectancies mentioned in such forward-looking statements. Those forward-looking statements come with, however aren’t restricted to, statements about Equinix’s intent to allocate an quantity equivalent to the web proceeds from the golf green bonds to finance, or refinance, a portfolio of Eligible Inexperienced Initiatives; the efficient coupon charges at the inexperienced bonds on account of hedging; the supposed have an effect on of Equinix’s Inexperienced Finance Framework; Equinix’s long-term sustainability targets; and alike statements that aren’t historic info. The following fresh and nearest Equinix quarterly and annual stories filed with the Securities and Alternate Fee, copies of which can be to be had upon request from Equinix, for elements that may motive such variations. Equinix does no longer think any legal responsibility to replace the forward-looking knowledge contained on this press loose.

SOURCE Equinix, Inc.