Switch’s $500 Million Senior Notes Offering

Simpson Thacher represented J.P. Morgan Securities LLC, as representative of the initial purchasers, in the offering.

Switch, Ltd. (“Switch”) executed its offering of $500 million aggregate principal amount of 4.125% Senior Notes due 2029. Switch intends to use the net proceeds from the notes offering to fund the purchase price for the acquisition of all of the equity interests of Data Foundry, Inc. and to pay fees and expenses in connection with the acquisition. Any remaining net proceeds will be used for general corporate purposes.

Switch provides colocation space and related services to global enterprises, financial companies, government agencies, and others that conduct critical business on the internet. Switch develops and operates data centers in Nevada, which are Tier IV Gold certified, Michigan and Georgia, delivering redundant services with low latency and super capacity transport environments.

The Simpson Thacher team included Art Robinson (Picture), David Azarkh, Benjamin Heriaud and Benjamin Pittenger (Capital Markets); Nancy Mehlman and Zachary Fialkow (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); Michael Isby (Environmental); Timothy Gallagher (Real Estate); Mark Skerry and Christine Tillema (Regulatory); and Andrew Pagliughi (Blue Sky). Summer Associate Elizabeth Greene also provided valuable assistance.

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Zachary Fialkow – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Benjamin Pittenger – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Christine Tillema – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: J.P. Morgan Securities LLC;

Author: Martina Bellini