Natixis Leads $2.6 Billion Credit Facility for Switch Data Center Expansion

Natixis Corporate & Investment Banking has arranged a $2.6 billion syndicated letter of credit facility to support data center power infrastructure for Switch Inc., announced in a press release. The facility is described as the largest U.S. dollar denominated transaction of its kind in the data center industry.

Natixis acted as structuring bank, initial coordinating lead arranger, joint bookrunner, and facility agent. The financing will back Switch’s procurement of power and provide credit support for new transmission and generation resources that will serve its growing network of data centers.

The agreement is intended to help Switch secure electricity capacity for developing gigawatt scale campuses across major U.S. markets. The transaction involved collaboration with ten participating banking partners and is designed to strengthen Switch’s ability to expand its infrastructure to meet increasing power demands from AI and cloud computing workloads.