Commentary & Deal Flow

IPTs: 2yr: MS+110a Long 6yr: MS+170a 9yr: MS+200a 12yr: MS+230a

• Issuer: Equinix Europe 2 Financing Corporation
• Issuer LEI: 254900FSZR46BPMCKI50
• Guarantor: Equinix, Inc. (Ticker: EQIX; Country: US)
• Guarantor LEI: 549300EVUN2BTLJ3GT74
• Current Guarantor Ratings: Moody’s: Baa1 (Stable) / S&P: BBB+ (Stable) / Fitch: BBB+ (Positive)
• Expected Issue Ratings: Baa1/BBB+/BBB+ (Moody's/S&P/Fitch)
• Format: Senior Unsecured Notes
• Settlement: 9-Nov-26 (T+4)
• Size:
  • 2yr: €500m exp.
  • Long 6yr: €500m exp.
  • 9yr: €500m exp.
  • 12yr: €500m exp.
• Maturity:
  • 2yr: 9-Nov-27
  • Long 6yr: 15-Feb-33
  • 9yr: 9-Nov-35
  • 12yr: 9-Nov-38
• Coupon:
  • 2yr: Fixed, Annual, ACT/ACT (ICMA)
  • Long 6yr: Fixed, Annual, ACT/ACT (ICMA)
  • 9yr: Fixed, Annual, ACT/ACT (ICMA)
  • 12yr: Fixed, Annual, ACT/ACT (ICMA)
• First Pay Date:
  • 2yr: 9-Nov-27
  • Long 6yr: 15-Feb-27
  • 9yr: 9-Nov-27
  • 12yr: 9-Nov-27
• MWC:
  • 2yr: Yes
  • Long 6yr: Yes
  • 9yr: Yes
  • 12yr: Yes
• Bund Reference:
  • 2yr: OBL 2.40% 19-Oct-28 #188
  • Long 6yr: DBR 2.30% 15-Feb-33
  • 9yr: DBR 2.60% 15-Aug-35
  • 12yr: DBR 1.00% 15-May-38
• Par Call:
  • 2yr: --
  • Long 6yr: Yes, 2-months
  • 9yr: Yes, 3-months
  • 12yr: Yes, 3-months
• ISIN / Common Code:
  • 2yr: XS3560994603 / 356099460
  • Long 6yr: XS3560995089 / 356099508
  • 9yr: XS3560995246 / 356099524
  • 12yr: XS3560995592 / 356099559
• B&D:
  • 2yr: J.P. Morgan
  • Long 6yr: J.P. Morgan
  • 9yr: BNP Paribas
  • 12yr: BNP Paribas
• Docs: SEC Registered / Nasdaq Bond Exchange Listing / New York Law
• Clearing: Euroclear and Clearstream
• Denominations: €100,000 x €1,000
• Selling Restrictions: As per Equinix Europe 2 Financing Corp’s Preliminary Prospectus Supplement
• UoP: The Issuer intends to use the net proceeds from the offering to finance or refinance one or more Eligible Green Projects
• Marketing: netroadshow.com | Password: EQIX2026
• Sales into Canada: Yes, via exemption
• Stabilization: FCA / ICMA
• Target Market: MiFID II and UK MiFIR professionals / ECPs-only / No PRIIPs KID or UK PRIIPs KID / CCI product summary
• Joint Actives: BNP Paribas, BofA Securities, ING, J.P. Morgan, Santander, Standard Chartered Bank
• Timing: Books open, today’s business