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June 15, 2009

Equinix Announces the Exercise of the Overallotment Option for Its Convertible Subordinated Notes Due 2016

FOSTER CITY, Calif. - June 15, 2009 - Equinix, Inc. (Nasdaq: EQIX), a provider of global data center services, today announced that the underwriters have exercised in full their over-allotment option to purchase an additional $48.75 million aggregate principal amount of Equinix's 4.75% convertible subordinated notes due 2016 in connection with the previously announced offering of the initial notes which closed June 12, 2009. The exercise of the over-allotment option will bring the total aggregate principal amount of the notes issued to $373.75 million. The aggregate net proceeds to Equinix from the sale of the initial notes and the additional notes will be $363.8 million after deducting underwriting discounts and estimated offering expenses. The additional notes will have the same terms as the initial notes.

The net proceeds to Equinix from the sale of the additional notes will be approximately $47.5 million after deducting underwriting discounts. Equinix intends to use approximately $6.5 million of the net proceeds from the sale of the additional notes to pay the cost of additional capped call transactions. The balance of the net proceeds will be used to fund the development of expansion opportunities and for general corporate purposes. 

Citi, J.P. Morgan Securities Inc. and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.

About Equinix, Inc.
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 42 International Business Exchange™ (IBX®) data centers across 18 markets in North America, Europe and Asia-Pacific.

Forward Looking Statements

This press release contains statements relating to the offering of notes and the capped call transactions that are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, prevailing market conditions and the anticipated use of the proceeds of the offering, which could change as a result of market conditions or for other reasons.

Investors in Equinix are cautioned not to place undue reliance on its forward-looking statements, which speak only as of the date such statements are made. Equinix does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events.