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Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item
Published on 12/6/2022 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Switch redeems notes due 2028, 2029 as take-private transaction wraps

Chicago, Dec. 6 – Switch Telecommunication Co. (Switch Ltd.) announced the redemption of all of its $600 million outstanding 3¾% senior notes due 2028 and all of its $500 million outstanding 4 1/8% senior notes due 2029, according to an 8-K filing with the Securities and Exchange Commission.

The notes were redeemed in connection with the Dec. 6 completion of the $11 billion take-private transaction in which funds of the investment management platform of DigitalBridge and an affiliate of IFM Investors acquired all outstanding common shares of Switch, Inc.

Switch is a Las Vegas-based technology company.


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