Equinix Raises $1.5 Billion in Senior Notes at 2.6%–3.6% Rates as Moody’s Upgrades Rating
Equinix raised $700m of 4.400% senior notes due 2031 and $800m of 4.700% senior notes due 2033, securing $1.5bn in net proceeds and locking in effective rates of 2.6% and 3.6% via cross-currency swaps. Moody’s raised Equinix’s senior unsecured rating from Baa2 to Baa1 with a stable outlook.
1. Senior Notes Offering and Effective Rates
Equinix closed underwritten offerings of $700 million 4.400% senior notes due 2031 through Equinix Singapore Finco and $800 million 4.700% senior notes due 2033 through Equinix Europe 2 Finco, each fully and unconditionally guaranteed by Equinix, Inc. Cross-currency swaps converted the 2031 Notes to Singapore dollars and a portion of the 2033 Notes to euros, yielding effective interest rates of approximately 2.6% and 3.6%.
2. Moody’s Rating Upgrade
Moody’s upgraded Equinix’s senior unsecured rating from Baa2 to Baa1 with a stable outlook, reflecting the company’s established position in the global digital infrastructure market, strong demand for data center capacity and projection of sustained credit metrics. The upgrade highlights Equinix’s geographic scale, customer diversity, excellent liquidity and a 70% share of recurring revenue from owned assets as of Q4 2025.
3. Use of Proceeds and Strategic Capital
Equinix expects net proceeds of about $1.5 billion after underwriting discounts and expenses, which it plans to deploy for property and business acquisitions, development projects, working capital and refinancing of upcoming debt maturities. This financing reinforces Equinix’s capital foundation to support accelerated growth of its digital infrastructure solutions.