Equinix Prices €1.1 Billion Green Bonds to Advance Sustainability Initiatives
The €500 million 0.250% Senior Notes due 2027 and €600 million 1.000% Senior Notes due 2033 have a weighted average interest cost of 0.66%, representing a 2.215% reduction in cost relative to
For the offering of the bonds, Barclays Bank PLC, Deutsche Bank AG,
Highlights/Key Facts
- In conjunction with its inaugural green bond offering in Q3 2020,
Equinix developed a Green Finance Framework based on the Green Bond Principles and Green Loan Principles, a set of guidelines that promote transparency and integrity in, and advance the standardization of, green debt disclosures. As outlined inEquinix's Green Finance Framework, an amount equal to the net proceeds of the green bonds will be allocated to finance or refinance, in whole or in part, recently completed or future Eligible Green Projects in categories such as green buildings, renewable energy, energy efficiency, sustainable water and wastewater management, waste management and clean transportation that are expected to deliver benefits toEquinix and its shareholders.
The Framework will increaseEquinix's focus on protecting the environment and addressing global climate change through greenhouse gas emissions reductions, increasing resource efficiency and driving corporate transparency and accountability. Equinix continues to advance its green initiatives through its recent support of the new Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative. The Pact marks the first time the data center industry has come together to solidify its commitment to ensure that European data centers are carbon neutral by 2030.- Until an amount equal to the net proceeds from the green bonds has been fully allocated,
Equinix will report annually through an allocation and impact report on the use of such funds and their environmental impacts. The report will be published onEquinix's Corporate Sustainability website. Sustainalytics, a leading global provider of ESG research, ratings and data, issued a second-party opinion on the environmental benefits ofEquinix's Green Finance Framework as well as its alignment with the Green Bond Principles and Green Loan Principles.
Quote
Keith Taylor , Chief Financial Officer,Equinix
"Equinix is committed to accelerating our momentum and investment in greening our data center footprint, delivering wide-reaching environmental benefits for not only ourselves and our communities but also our global customers. The Green Bond is one of the many tools we're using to advance our environmental sustainability initiatives and continue to make progress towards achieving our ambitious sustainability goals."
Additional Resources
- Climate Neutral Data Centre Pact [website]
- Equinix Joins European Cloud and Data Center Providers to Make Historic Pledge Towards Climate Neutrality by 2030 [press release]
- Equinix Prices
$1.85 Billion in Bonds, Including$1.35 Billion in Green Bonds to Drive Sustainability Initiatives [press release] - Green Finance Framework [website]
- Second-Party Opinion Report [PDF]
- Equinix Sustainability [website]
- Equinix FY19 Sustainability Report [PDF]
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the bonds or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. In addition, this press release is not an offer to purchase or a notice of redemption with regard to any outstanding notes or any other securities.
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Forward-Looking Statements
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SOURCE
Equinix Media Contact (Global): Michelle Lindeman, Equinix, +1 650-598-6361, mlindeman@equinix.com; Equinix Media Contact (EMEA): Ali Stokes, +44 7584280205, Alison.Stokes@eu.equinix.com; Equinix Investor Relations: Katrina Rymill, +1 650-598-6583, krymill@equinix.com; Chip Newcom, +1 650-598-6262, cnewcom@equinix.com