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Equinix Inc
Equinix Europe 2 Financing Corp LLC

Equinix Europe 2 Financing Corp LLC (EQIX)

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
REAL
PRCD
EQIX
Equinix Europe 2 Financing Corp LLC€2,500
4USOA
Nov 3, 2026
currency
EUR
size (m)
650.000
maturity
Nov 9, 2027
type
Fixed
tenor
2.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
Expected
re-open/tap
No
ipt
MS+110 area
ipt-pxd
-25
guidance
STL
spread
85
coupon
4.15%
spread set
-
price
99.90000
yield
4.203%
book size (m)
3,000
peak book (m)
3,000
x-covered
4.62
book attrition
0.00%
nic
15
billing & delivering
JPM
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
book size (m)
3,000
peak book (m)
3,000
x-covered
4.62
book attrition
0.00%
nic
15
billing & delivering
JPM
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
currency
EUR
size (m)
700.000
maturity
Feb 15, 2033
type
Fixed
tenor
6.250
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
Expected
re-open/tap
No
ipt
MS+170 area
ipt-pxd
-25
guidance
STL
spread
145
coupon
4.80%
spread set
-
price
99.88400
yield
4.826%
book size (m)
3,400
peak book (m)
3,400
x-covered
4.86
book attrition
0.00%
nic
15
billing & delivering
JPM
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
book size (m)
3,400
peak book (m)
3,400
x-covered
4.86
book attrition
0.00%
nic
15
billing & delivering
JPM
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
currency
EUR
size (m)
500.000
maturity
Nov 9, 2035
type
Fixed
tenor
9.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
Expected
re-open/tap
No
ipt
MS+200 area
ipt-pxd
-25
guidance
STL
spread
175
coupon
5.10%
spread set
-
price
99.61900
yield
5.154%
book size (m)
1,800
peak book (m)
2,100
x-covered
3.6
book attrition
-14.29%
nic
15
billing & delivering
BNP
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
book size (m)
1,800
peak book (m)
2,100
x-covered
3.6
book attrition
-14.29%
nic
15
billing & delivering
BNP
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
currency
EUR
size (m)
650.000
maturity
Nov 9, 2038
type
Fixed
tenor
12.000
call
-
registration
SEC Registered
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa1
s&p
BBB+
fitch
BBB+
size description
Expected
re-open/tap
No
ipt
MS+230 area
ipt-pxd
-25
guidance
STL
spread
205
coupon
5.45%
spread set
-
price
99.55200
yield
5.502%
book size (m)
1,900
peak book (m)
2,200
x-covered
2.92
book attrition
-13.64%
nic
25
billing & delivering
BNP
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
book size (m)
1,900
peak book (m)
2,200
x-covered
2.92
book attrition
-13.64%
nic
25
billing & delivering
BNP
active leads
BAM, BNP, ING, JPM, ...
joint leads
CTI, GSC, HSB, MUF
passive leads
-
co-managers
DBS, DEU, EVR, MIZ, ...
coordinating managers
JPM
Tranche Comments
Book size: 3000; First Pay: 2027-11-09; Registration: SEC Registered; Comments: OBL 2.40% 10/19/2028 #188. Regulatory Call: Yes. Tax Call: Yes. Co-Managers: TD Global Finance unlimited company. MWC: B+20. LEI: 254900FSZR46BPMCKI50; Book size: 3400; First Pay: 2027-02-15; Registration: SEC Registered; Comments: DBR 2.30% 2/15/2033. Regulatory Call: Yes. Tax Call: Yes. Co-Managers: TD Global Finance unlimited company. MWC: B+25. LEI: 254900FSZR46BPMCKI50; Book size: 1800; First Pay: 2027-11-09; Registration: SEC Registered; Comments: Regulatory Call: Yes. DBR 2.60% 8/15/2035. Tax Call: Yes. Co-Managers: TD Global Finance unlimited company. MWC: B+30. LEI: 254900FSZR46BPMCKI50; Book size: 1900; First Pay: 2027-11-09; Registration: SEC Registered; Comments: DBR 1.00% 5/15/2038. Regulatory Call: Yes. Tax Call: Yes. Co-Managers: TD Global Finance unlimited company. MWC: B+30. LEI: 254900FSZR46BPMCKI50;
Deal Comments
2y: This deal was upsized from EUR500m to EUR650m. 6.25y: This deal was upsized from EUR500m to EUR700m. 12y: This deal was upsized from EUR500m to EUR650m
Guarantor(s)
Equinix Inc
Use of Proceeds
The Issuer intends to use the net proceeds from the offering to finance or refinance one or more Eligible Green Projects
Relative Value

Green

2yr (Nov 2028) @ MS+110a

Implied Spread for fresh 2yr @ MS+70
Priced at MS+85
NIC of +15

L6yr (Feb 2033) @ MS+170a

Implied Spread for fresh L6yr @ MS+130
Priced at MS+145
NIC of +15


9yr (Nov 2035) @ MS+200a

Implied Spread for fresh 9yr @ MS+160
Priced at MS+175
NIC of +15


12yr (Nov 2038) @ MS+230a

Implied Spread for fresh 12yr @ MS+180
Priced at MS+205
NIC of +25


COMPS

Issuer

Ratings

Size

Coupon

Maturity

Tenor

I-Sprd

EQIX

Baa1/BBB+/BBB+

€ 750m

3.25

May-29

2.6

70

EQIX

Baa1/BBB+/BBB+

€ 650m

3.25

Mar-31

4.4

96

EQIX

Baa1/BBB+/BBB+

€ 600m

1

Mar-33

6.4

122

EQIX

Baa1/BBB+/BBB+

€ 600m

3.65

Sep-33

6.9

132

EQIX

Baa1/BBB+/BBB+

€ 750m

4

May-34

7.6

144

EQIX

Baa1/BBB+/BBB+

€ 500m

3.625

Nov-34

8.1

147

** EQIX USD Curve **

$850m

5.00%

Aug-29

 G+78

5.44%

€MS+61

 

$850m

5.25%

Aug-31

 G+102

5.75%

€MS+93

 

$650m

5.50%

Aug-33

 G+121

6.02%

€MS+117

 

$650m

5.80%

Aug-36

 G+136

6.29%

€MS+136

 

Hide Details

Commentary

All Commentary
CreditFlow: End of Day (Europe IG)Nov 3, 2026
1 to 1 of 1

Deal Flow

All Deal Flow
PRICED: Equinix Europe 2 Financing Corporation €2.5bn 2yr, Long 6yr, 9yr & 12yr Green Sr Unsec; MS+85bp / MS+145bp / MS+175bp / MS+205bpNov 3, 2026
ALLOCATIONS OUT: Equinix Europe 2 Financing Corporation €2.5bn 2yr, Long 6yr, 9yr & 12yr Green Sr Unsec; MS+85bp / MS+145bp / MS+175bp / MS+205bpNov 3, 2026
LAUNCHED: Equinix Europe 2 Financing Corporation €2.5bn 2yr, Long 6yr, 9yr & 12yr Green Sr Unsec; MS+85bp / MS+145bp / MS+175bp / MS+205bpNov 3, 2026
NEW ISSUE: Equinix Europe 2 Financing Corporation €2bn (exp) 4-part Green Sr Unsec; MS+110a & MS+170a & MS+200a & MS+230aNov 3, 2026
MANDATE: Equinix Inv Calls 02-Nov; SEC-registered € bmk 2yr, long 6yr, 9yr & 12yr Green Sr Unsec Offering May FollowOct 30, 2026
1 to 5 of 5
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About
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Contact
Solutions
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API Documentation
Global Issuers List
Global Parents List
Pricing
OpenMarket Profiles
Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
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More
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
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