Equinix Inc (EQIX) 2020-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0005Jul-25Sr. UnsecuredBaa3BBB-BBB-FixedTsyT+120 aT+95 a851.25%-899.77000
USD500.0007Jul-27Sr. UnsecuredBaa3BBB-BBB-FixedTsyT+150 aT+120 a1151.80%-399.74900
USD1,100.00010Jul-30Sr. UnsecuredBaa3BBB-BBB-FixedTsyT+165 aT+135 a1302.15%-799.71100
USD500.00030Jul-50Sr. UnsecuredBaa3BBB-BBB-FixedTsyT+185 aT+155 a1453.00%-1298.26400
Tranche Comments
5 yr: Book size: 2300; First Pay: 2021-01-15; Registration: Registered; Comments: US$500m 1.25% cpn 5-year(7/15/25) at 99.770, yld 1.297%. Spread: T+85bp. MWC T+15bp. CoC: 101%.; 7 yr: Book size: 3300; First Pay: 2021-01-15; Registration: Registered; Comments: US$500m 1.80% cpn 7-year(7/15/27) at 99.749, yld 1.838%. Spread: T+115bp MW T+20bp. CoC: 101%.; 10 yr: Book size: 3900; First Pay: 2021-01-15; Registration: Registered; Comments: US$1.1bn 2.15% cpn 10-year(7/15/30) at 99.711, yld 2.182%. Spread: T+130bp MW T+20bp. CoC: 101%.; 30 yr: Book size: 3100; First Pay: 2021-01-15; Registration: Registered; Comments: US$500m 3.00% cpn 30-year(7/15/50) at 98.264, yld 3.089%. Spread: T+145bp MW T+25bp. CoC: 101%.;
Deal Comments
Active Bookrunners: BAM (B&D), JPM, GSC. Passive Bookrunners: CTI, RBC, MUF, SMB, TDS, MOS, HSB, MIZ, ING, BRC, WFS, BNP.
Use of Proceeds
Repay notes and outstanding debt
Research
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