Equinix Announces Pricing Of $750M Public Offering Of 5.500% Senior Notes Due 2034; Effective Interest Rate Of Approximately 3.9% After Swapping To EUR
Portfolio Pulse from Benzinga Newsdesk
Equinix has announced the pricing of a $750 million public offering of 5.500% senior notes due 2034. The effective interest rate after swapping to EUR is approximately 3.9%.
May 23, 2024 | 8:07 pm
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Equinix has priced a $750 million public offering of 5.500% senior notes due 2034, with an effective interest rate of 3.9% after swapping to EUR. This move could improve the company's liquidity and financial flexibility.
The issuance of senior notes at a relatively low effective interest rate after currency swap indicates strong demand and favorable borrowing conditions for Equinix. This could enhance the company's liquidity and financial flexibility, potentially leading to positive short-term stock price movement.
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