Switch Secures $768 Million in Asset-Backed Securities Offering
Switch has raised $768 million through a recent ABS issuance, part of a total of $4.2 billion since 2024. This funding will support debt repayment and enhance its portfolio with a new data center in Reno, Nevada.
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Switch has completed an asset-backed securities (ABS) offering, raising approximately $768 million through its Series 2026-1 issuance. The funds will be allocated for debt repayment and general corporate purposes, adding a Reno, Nevada-based data center of 1.4 million square feet to its portfolio, which now includes 11 centers across five U.S. markets.
With 84% of trust revenue generated from investment-grade customers, this transaction strengthens its financial stability. The total ABS issuance since 2024 now stands at $4.2 billion, with all issuances qualifying as secured green bonds, underscoring sustainability commitments. The recent recognition as North America MBS Issue of the Year further solidifies Switch's position in data center financing.
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