04:43 PM EDT, 05/23/2024 (MT Newswires) -- Equinix ( EQIX ) said Thursday it priced an underwritten offering of $750 million of 5.5% senior notes due 2034.

The notes will likely carry an effective interest rate of about 3.9% after a swap to euros, the company said.

Equinix Europe 2 Financing , a wholly-owned finance subsidiary, will issue the notes.

Equinix ( EQIX ) intends to use the net proceeds to fund the acquisition of additional properties or businesses, fund development opportunities, and provide for working capital and other general corporate purposes.

Equinix ( EQIX ) has $1 billion outstanding in US-dollar-denominated senior notes due November, which it had previously swapped from dollars to euros through cross-currency swaps.

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