Equinix discloses $2B equity distribution agreement

In a regulatory filing, Equinix disclosed it entered into an Equity Distribution Agreement with Barclays Capital, BTIG, Jefferies, Mizuho Securities USA, MUFG Securities Americas, RBC Capital Markets, Scotia Capital and TD Securities, Barclays Bank, Jefferies, Mizuho Markets Americas, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank and Barclays, Jefferies, Mizuho, RBC, Scotiabank and TD. Concurrently with its entry into the Equity Distribution Agreement, the company entered into separate master forward confirmation, each dated October 1, 2024, by and between the company and each of the forward purchasers. Pursuant to the terms of the Equity Distribution Agreement, the company may issue and sell, from time to time, through or to the sales agents, as sales agents and/or principals, or pursuant to any Forward Sale Agreements under the Master Forward Confirmations, shares of its common stock, having an aggregate offering price of up to $2B. The sales of Shares through or to the Sales Agents, if any, will be made by means of ordinary brokers’ transactions or sales made to or through a market maker at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, or sales by such other methods, including privately negotiated transactions, as the company and the Sales Agents may agree.