Switch, a Las Vegas-based provider of AI, cloud and enterprise data center infrastructure, has significantly increased its access to credit in support of its development plans. The company reported that it has extended and upsized its existing Corporate Revolving Credit Facility to more than $6 billion. At the same time, Switch expanded its existing Syndicated Uncommitted Performance Letter of Credit Facility to $3.5 billion.
Combined, the enlarged facilities give Switch nearly $10 billion of liquidity and credit support capacity. According to the company, this capital is intended to advance its fully contracted development pipeline, fund gigawatt-scale data center campus growth and strengthen its ability to secure transmission and generation resources. The focus on transmission and generation reflects Switch’s strategy of integrating power considerations directly into its expansion plans.
CFO Madonna Park said the company has spent decades building an integrated platform designed to address grid constraints, spanning large-scale campus development, power procurement and advanced data center design. She noted that the expanded financing capacity provides greater flexibility to invest in Switch’s contracted pipeline and to respond to customer demand. Park added that the company aims to continue delivering mission-critical infrastructure while maintaining what she described as disciplined execution and reliability for its customers.
TD Securities and Wells Fargo led the Corporate Revolving Credit Facility, while BBVA and Natixis Corporate & Investment Banking led the performance letter of credit facility. Milbank LLP served as legal counsel to Switch on the transaction, and Paul Hastings acted as counsel to the lending group. The expanded bank-led facilities underscore the role of large financial institutions and specialized legal advisors in arranging capital for large-scale data center platforms.
The company highlighted that the additional credit capacity is directly linked to advancing projects that are already fully contracted, indicating that much of the planned development is supported by existing customer commitments. Switch also emphasized that its platform is structured to address power and grid-related challenges at scale, aligning the enlarged credit lines with its need to secure and manage energy resources alongside physical campus development. A photo released with the announcement depicted Switch’s Citadel campus in the Tahoe-Reno area, illustrating the type of large-scale data center environments that the company is looking to support with the expanded facilities.
