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Switch Upsizes Credit Facilities to Nearly $10 Billion
Las Vegas-based Switch, a provider of AI, cloud and enterprise data center infrastructure, said Wednesday it has extended and upsized its existing Corporate Revolving Credit Facility to more than $6 billion and expanded its existing Syndicated Uncommitted Performance Letter of Credit Facility to $3.5 billion. Together, the expanded facilities provide nearly $10 billion of liquidity and credit support capacity to advance Switch’s fully contracted development pipeline, support gigawatt-scale campus growth and further enhance its ability to secure transmission and generation resources.
“Switch has spent decades building an integrated platform to address grid constraints, from large-scale campus development to power procurement and advanced data center design,” said CFO Madonna Park. “This additional financing capacity gives us greater flexibility to invest in our contracted pipeline and support customer demand, while continuing to deliver mission-critical infrastructure with the discipline and reliability our customers expect.”
TD Securities and Wells Fargo led the Corporate Revolving Credit Facility. BBVA and Natixis Corporate & Investment Banking led the LCF. Milbank LLP acted as legal counsel to Switch, and Paul Hastings acted as lenders’ counsel.
Pictured: Switch’s Citadel campus in Tahoe-Reno.
- ◦Financing
