Equinix issued an additional €1.15 billion ($1.26 billion USD) in green bonds, reinforcing its sustainability agenda. This latest offering follows over $750 million in green bonds issued in September 2024, bringing the company’s total green bond issuance to approximately $6.9 billion. Equinix is now among the top five U.S. issuers in the investment-grade green bond market. The proceeds will finance or refinance projects aligned with Equinix’s sustainability initiatives, including energy efficiency, renewable energy, and green building developments.
The issuance includes €650 million principal of 3.25% senior green notes due in 2031 and €500 million principal of 3.625% senior green notes due in 2034. By using rate locks, Equinix mitigated interest rate risks, achieving effective coupons of 3.27% and 3.65% respectively. Funds will be allocated to Eligible Green Projects under Equinix’s Green Finance Framework, which adheres to globally recognized principles promoting transparency in green financing. These projects address decarbonization, resource efficiency, and renewable energy adoption.
Equinix’s sustainability achievements include maintaining 96% renewable energy coverage across its portfolio in 2023 and improving its power usage effectiveness (PUE) by over 8% compared to the previous year. The company also received top-tier recognition for its climate performance, securing a spot on the CDP Climate Change A List for the second consecutive year. Equinix continues to drive environmental innovation through its Future First strategy, focusing on impactful solutions for its global operations.
• Equinix’s green bond issuance now totals $6.9 billion, placing it among the top five U.S. issuers in the investment-grade green bond market.
• Funds will finance or refinance Eligible Green Projects under the 2024 Green Finance Framework.
• Issuances include €650M of 3.25% senior green notes due 2031 and €500M of 3.625% senior green notes due 2034.
• 2023 achievements: 96% renewable energy coverage and an 8%+ improvement in energy efficiency.
• Recognized on the CDP Climate Change A List for two consecutive years.
“We view green finance as an integral part of our sustainability strategy at Equinix,” said Katrina Rymill, Senior Vice President of Corporate Finance & Sustainability. “Our green bonds demonstrate Equinix’s commitment to delivering reliable, secure, and sustainable digital infrastructure.”
