Switch ABS Issuer LLC

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
A-2USD657.6005.03---A (L)--47.5%FixedI-Curve260-2702506.28%6.573%99.12239
BUSD94.2005.03---BBB (L)--54.4%FixedI-Curve345-3553306.50%7.373%96.79513
Tranche Comments
A-2: First Pay: 2024-04-25; Registration: 144A/Reg S; B: First Pay: 2024-04-25; Registration: 144A/Reg S;
Deal Comments
Active Bookrunners: MOS(B&D), RBC, TDS. Passive Bookrunners: CIZ, CUG, MUF, SNT, SCO, SOC, TRU
Collateral
Four data center assets located across Switch’s campuses in Las Vegas, Grand Rapids and Austin with an as-is appraised value of ~$1.360bn as of September 2023
Use of Proceeds
Repay existing indebtedness, fund required reserve amounts and for general corporate purposes
Reset
Yes

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