Switch to repay revolver, term loan borrowings using note proceeds

By Taylor Fox

New York, Sept. 8 – Switch, Inc. intends to use proceeds from the sale of its $500 million senior unsecured notes due 2028 to redeem all outstanding borrowings under its revolving credit facility, including $280 million outstanding, and $182 million of borrowings under its term loan facility, according to a news release.

The proceeds will also pay fees and expenses related to the redemption.

Any remaining proceeds will be used for general corporate purposes.

Switch is a Las Vegas-based developer and operator of data centers.

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