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Switch Announces Pricing of $500 Million Offering of Senior Notes News provided by Share this article LAS VEGAS, June 1, 2021 /PRNewswire/ --  Switch, Inc. (NYSE: SWCH) ("Switch") today announced that its subsidiary Switch, Ltd. (the "Issuer") priced its private offering of $500 million in aggregate principal amount of its 4.125% senior unsecured notes due 2029 (the "Notes"). The offering is expected to close on June 7, 2021, subject to customary closing conditions. The private offering is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities A...

For the third time this session, an objection raised by a House Democrat has killed a Republican bill targeting the city of Austin.  Senate Bill 566 by Sen. Dawn Buckingham, R-Lakeway, would have given large retail customers five years to appeal Austin Energy rates to the Public Utility Commission. The bill emerged from the Senate on April 28 with support from all Republicans and opposition from all Democrats, but it ran into a point of order raised Monday night by Rep. Vikki Goodwin, D-Austin, who argued it ran afoul of a House rule that forbids using "artificial means" to bracket a bill...

Operator Good day, and welcome to the Switch, Inc. first-quarter 2021 earnings conference call. [Operator instructions] Please note that this event is being recorded. I would now like to turn the conference over to Matthew Heinz, vice president of investor relations. Please go ahead. Vice President of Investor Relations Thank you, operator. Good afternoon, and welcome to Switch, Inc.'s first-quarter 2021 earnings conference call. On the call today are Thomas Morton, Switch's president; and Gabe Nacht, Switch's CFO. Today's call may include forward-looking statements, including references to e...

Switch has entered the Texas market after acquiring Data Foundry for $420 million in an all cash transaction - and capturing two data centre campuses

Switch to Acquire Texas Data Center Operator Data Foundry for $420M Colocation sites in Houston and Austin will give Switch its first footprint in the strategically important Central US region. Switch is adding Texas to its list of US data center campuses by acquiring Data Foundry, a colocation operator with data centers in Houston and Austin. Las Vegas-based Switch said Monday that it’s agreed to pay $420 million cash for Data Foundry’s business – a 19x 2021 estimated EBITDA multiple. It plans to fund the transaction through a combination of cash on hand and either credit or new ...