Switch Expands Debt Facility to $9.5 Billion to Accelerate AI Data Center Expansion
June 10, 2026
Switch Expands Debt Facility to $9.5 Billion to Accelerate AI Data Center Expansion
Data center operator Switch has significantly increased its available debt financing to $9.5 billion, bolstering its capacity to fund the build-out of large-scale AI and cloud infrastructure. The move comes as the company is reportedly in talks to raise additional equity at a valuation of $50 billion, signaling strong investor confidence in the sector’s growth trajectory.
The Las Vegas-based firm, founded by Rob Roy, now has access to a corporate revolving credit facility exceeding $6 billion, while its existing Syndicated Uncommitted Performance Letter of Credit Facility (LCF) has been expanded to $3.5 billion. This marks a notable increase from April 2026, when the LCF stood at $2.6 billion. The expanded credit facilities are designed to advance Switch’s fully contracted development pipeline, support gigawatt-scale campus growth, and enhance the company’s ability to secure the transmission and generation resources needed for critical AI and cloud infrastructure.
Madonna Park, Switch’s Chief Financial Officer, emphasized the strategic importance of the additional financing. “Switch has spent decades building an integrated platform to address grid constraints, from large-scale campus development to power procurement and advanced data center design,” she said. “This additional financing capacity gives us greater flexibility to invest in our contracted pipeline and support customer demand, while continuing to deliver mission-critical infrastructure with the discipline and reliability our customers expect.”
Jon Edwards, Executive Vice President and Head of Capital Markets at Switch, added that the transaction reflects the strength of the company’s platform and the continued confidence of leading financial institutions. “By upsizing our corporate revolver and letter of credit capacity, we are further strengthening our liquidity position and supporting disciplined capital deployment for Switch’s next phase of growth,” he noted.
Founded in 2000, Switch operates its large “Prime” data center campuses in Austin, Texas; Reno and Las Vegas, Nevada; Grand Rapids, Michigan; and Atlanta, Georgia. Over the past year, the company has filed to expand further in Austin and Atlanta, and has acquired additional land in Las Vegas. While Switch initially focused on traditional enterprise data center workloads, it has evolved its business in recent years to provide AI-ready capacity to hyperscale cloud providers.
The company was taken private in December 2022 in an $11 billion deal led by DigitalBridge and IFM Investors. In 2023, Australian pension fund Aware Super invested $500 million into Switch. Last week, reports emerged that Switch is in talks to raise equity at a valuation of $50 billion, with investors including Brookfield Asset Management and KKR poised to participate in the funding round, according to a report by The Information.
Source: datacenterdynamics
