Equinix to offer $500 million in senior notes, may help offset debt from Switch & Data deal

Equinix to offer $500M in senior notes

FOSTER CITY, Calif. — Equinix Inc., a data center service provider, said Monday it plans to offer $500 million in senior notes due 2018.

The company said it plans to use the net proceeds from the offering for general corporate purposes, which may include paying down debt it expects to assume when it buys Switch & Data Facilities Company, Inc. The cash and stock deal, first announced in October, was valued at about $689 million and is expected to close in the current quarter.

Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are joint book-running managers for the notes offering.