September 14, 2020
Switch, Inc. has announced that its subsidiary Switch, Ltd. (the "Issuer") has priced a private offering of US$600 million in aggregate principal amount of its 3.75% senior unsecured notes due 2028 (the "Notes"). The offering is expected to close on September 17, 2020, subject to customary closing conditions. The Notes are being sold in a private offering pursuant to an available exemption from the registration requirements of the Securities Act of 1933, as amended. The Notes will be guaranteed by each of the Issuer's subsidiaries that guarantee the Issuer's obligations under its senior secured credit facilities.
Latham & Watkins LLP represents Switch, Inc. in the transaction with a corporate deal team led by Orange County partner Shayne Kennedy and Boston partner Wesley Holmes, with Washington D.C. counsel Charles Cassidy, Washington, D.C. associate Christopher Clark, Orange County associate Benjamin Sosin and New York associates Jonathan Burns and Daniel Walder. Advice was also provided on tax matters by Chicago partner Joseph Kronsnoble and Century City partner Pardis Zomorodi, with Los Angeles associate Kathryn Harrington.