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Equinix could sell $1.5bn in stock as REIT chases new business growth

The operator intends to use the net proceeds, if any, for repayment of indebtedness, capital expenditures, working capital, and/or acquisitions of complementary businesses and assets.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

November 08, 2022 | 1:36 AM GMT

US data centre REIT Equinix (NASDAQ: EQIX) has entered into an equity distribution agreement whereby the group may offer and, if applicable, sell shares of common stock having an aggregate offering price of up to US$1,500,000,000 under a new Equity Distribution Agreement.

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João Marques Lima

Founder and Editor, The Tech Capital

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