Use of Proceeds
We estimate that the net proceeds from this offering, after deducting underwriting discounts and commissions and estimated offering expenses
payable by us, will be approximately $1,055.1 million (or approximately $1,213.5 million if the underwriters exercise their option to purchase additional shares of common stock from us in full).
We intend to use the net proceeds of this offering for general corporate purposes, including funding for our currently planned IBX data center
expansion projects. Pending their ultimate use, we intend to invest the net proceeds in money market funds or other interest-bearing instruments.