Switch Raises $659m with Green Bond Issue

Las Vegas-based data center operator Switch has raised another $659 million, closing its fourth asset-backed securities (ABS) offering and taking the total it has received across the quartet to $3.5 billion.

“The success of this transaction, and the overall growth of our platform, clearly demonstrate that our formula of leading-edge technology combined with exascale campus deployments in Tier 1 markets continues to resonate with customers and investors alike,” said Madonna Park, Switch CFO.

“As our deep pipeline of fully leased multi-tenant and Hyperscale assets continues to stabilize, we expect to remain an active issuer across the ABS and broader capital markets. With roughly $6 billion of stabilized asset financings completed to date, we have the scale and track record to continue to efficiently recycle capital while supporting the largest AI, cloud, and enterprise customers, as they grow with Switch.”