Equinix Continues to Expand Sustainability Initiatives with Additional €1.15 Billion in Green Bonds

Core Insights - Equinix has issued an additional €1.15 billion in green bonds, bringing its total green bond issuance to approximately $6.9 billion, making it one of the top 5 issuers of green bonds in the U.S. [1][2] - The proceeds from the green bonds will be allocated to finance or refinance Eligible Green Projects, which include a variety of sustainability initiatives [3][4] Green Bond Details - The recent issuance includes €650 million of 3.25% senior green notes due 2031 and €500 million of 3.625% senior green notes due 2034 [2] - The effective coupon rates for these bonds, after hedging, are expected to be 3.27% for the 6-year bonds and 3.65% for the 10-year bonds [2] Sustainability Strategy - Equinix's sustainability strategy is guided by its 2024 Green Finance Framework, which aligns with the Green Bond Principles and aims to enhance environmental protection and corporate transparency [4] - The company has maintained 96% renewable energy coverage across its portfolio in 2023 and improved its energy efficiency, as indicated by an 8%+ improvement in power usage effectiveness (PUE) compared to the previous year [4] Recognition and Performance - Equinix has been recognized for its climate performance, achieving the highest ranking on the CDP's Climate Change A List for the second consecutive year, with less than 2% of over 23,000 companies receiving this top score [4]