-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PZAh/kV78J3xnXMNg1J+Wry0AYnCcVaECGdRtfWYi2rFoFTqMrs4VlPyQGDOyHoa WTWKMaLFIawDIYNWrUnCWg== 0001012870-02-002682.txt : 20020612 0001012870-02-002682.hdr.sgml : 20020612 20020612082325 ACCESSION NUMBER: 0001012870-02-002682 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020612 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQUINIX INC CENTRAL INDEX KEY: 0001101239 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 770487526 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31293 FILM NUMBER: 02676844 BUSINESS ADDRESS: STREET 1: 2450 BAYSHORE PARKWAY CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 650-316-6000 MAIL ADDRESS: STREET 1: 2450 BAYSHORE PARKWAY CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 8-K 1 d8k.htm FORM 8-K Prepared by R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 8-K
 
 
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event Reported): June 12, 2002
 
 
EQUINIX, INC.

(Exact Name of Registrant as Specified in its Charter)
 
 
Delaware

 
000-31293

 
77-0487526

(State or Other Jurisdiction
of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification Number)
 
 
2450 Bayshore Parkway
Mountain View, CA 94043
(650) 316-6000

(Addresses, including zip code, and telephone numbers, including
area code, of principal executive offices)


 
ITEM 7.
 
FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
 
 
(c)
 
EXHIBITS.
 
 
99.1
 
Press Release dated June 12, 2002
 
 
ITEM 9.
 
REGULATION FD DISCLOSURE.
 
On June 12, 2002, Equinix, Inc., a Delaware corporation (“Equinix”), announced Equinix has retired an additional $10 million principal amount of its 13% Senior Notes due in 2007. In addition, Equinix filed a preliminary proxy statement on June 12, 2002 to seek stockholder approval to issue up to an additional 15,000,000 shares of its Common Stock. A copy of Equinix’s press release announcing the exchange and the preliminary proxy statement is attached as Exhibit 99.1 hereto and incorporated by reference herein.

2


 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
       
EQUINIX, INC.
DATE:
 
June 12, 2002
     
By:
 
 
 
    /s/    PETER F. VAN CAMP

Peter F. Van Camp
Chief Executive Officer

3
EX-99.1 3 dex991.htm PRESS RELEASE DATED 06/12/2002 Prepared by R.R. Donnelley Financial -- Press Release dated 06/12/2002
 
Exhibit 99.1
 
Media Contacts:
 
Investor Relations Contact
Maureen O’Brien
 
Melanie Mock
Equinix, Inc.
 
Equinix, Inc.
(650) 316-6043
 
(650) 316-6099
mobrien@equinix.com
 
mmock@equinix.com
David Fonkalsrud
   
K/F Communications, Inc.
   
(415) 255-6506
   
dave@kfcomm.com
   
 
 
FOR IMMEDIATE RELEASE
 
 
EQUINIX RETIRES ADDITIONAL $10 MILLION OF SENIOR NOTES, REDUCING
DEBT SERVICE BY NEARLY $150 MILLION SINCE THIRD QUARTER 2001
 
Company Files Proxy to Approve Issuance of Additional Common Stock
 
Mountain View, CA – June 12, 2002 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of core Internet exchange services, today announced that the company has retired an additional $10 million of its 13% Senior Notes due in 2007. In addition, the company announced the filing of a proxy statement calling for a special stockholders’ meeting to approve the potential issuance of up to 15 million shares of Common Stock in exchange for the retirement of additional Senior Notes. The total number of common stock shares outstanding is currently 96.9 million shares.
 
“As stated on our last quarterly earnings call, we continue to aggressively pursue opportunities to take debt out of the business,” said Peter Van Camp, chairman and CEO of Equinix. “The ability to issue additional shares of our Common Stock will give us greater flexibility and options to de-leverage the company. While we do not expect to transact any additional debt for equity exchanges in the near term at the current stock trading level, the availability of additional authorized shares will enable us to take advantage of favorable debt for equity exchange opportunities as market conditions improve.”
 
In total, the company has retired $52 million of its Senior Notes at significant discounts, including the $42 million in debt exchanges previously announced in the first half of 2002. Since October of 2001, the company has reduced its total debt outstanding by $97 million. This is comprised of the retirement of $52 million in Senior Notes, together with the $45 million repayment on the company’s senior credit facility in October of 2001. In the aggregate, this reduces the company’s annual interest expense by nearly $10 million and reduces the company’s total debt obligations, including principal and interest over the term of the debt, by approximately $150 million.


 
About Equinix
 
Equinix is the leading provider of core Internet exchange services that allow networks, Internet infrastructure companies, enterprises and content providers to grow, manage and control their network and Internet operations for unparalleled performance. Through the company’s seven Internet Business Exchange (IBX®) centers, customers can directly interconnect with the providers that serve more than 90% of the world’s Internet networks and users for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs.
 
Customers include Associated Press, AT&T, Cable&Wireless, Charles Schwab, Earthlink, EDS, EYT, Genuity, Google, IBM, Level 3, MSN, Qwest, UUNET/WorldCom, Washingtonpost.Newsweek Interactive, and Yahoo!. For more information, visit the company’s Web site at www.equinix.com.
 
Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.
 
# # #
 
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of operating IBX centers and developing, deploying and delivering Equinix services; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay outstanding indebtedness; the loss or decline in business from our key customers and other risks described from time to time in Equinix’s filings with the Securities and Exchange Commission. In particular, see Equinix’s recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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