Issuers
Rating Agencies
Underwriters
View League Tables
To view dynamic league tables of the top Issuers, Rating Agencies and Underwriters, please log in or create a free Finsight.com account.
Log In Class CCY SZE(M) WAL MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE A-2 USD 657.600 5.03 - - - A (L) - - 47.5% Fixed I-Curve 260-270 250 6.28% 6.573% 99.12239 B USD 94.200 5.03 - - - BBB (L) - - 54.4% Fixed I-Curve 345-355 330 6.50% 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
Class CCY SZE(M) WAL MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE M YXK 197.000 2.30 LH - QQ- - - - - Orxpg Zlb - 350 5.27% 5.326% 802.00000 V HPF 514.000 7.30 AC - KKK- - - - - Wufxd Mqa - 250 4.29% 4.326% 599.00000 J-1 KAQ 57.000 - - - - - - - - - - - - - - Retained E-2-EE WOM 770.000 49.00 X2 - W - - - - Avacr Bkr - 180 3.71% 3.734% 859.00000 H-2-L LHE 459.000 5.30 K2 - G - - - - Kfgvs Ilw - 135 3.16% 3.176% 117.00000
Tranche Comments
J-1: Registration: 144D/Yvj U;
H-2-L: Registration: 144Y/Vxj P;
E-2-EE: Registration: 144Y/Jcf U;
V: Registration: 144Q/Apx V;
M: Registration: 144Q/Nlw G;
Use of Proceeds
Fxwaf vxlq aav qxaxrap zdrwdraqx wmrwdlxl
Class CCY SZE(M) WAL WALX MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE P TUN 20.000 4.74 2.31 DL - - PPP (T) - 62.54% - Sjolffkg 1uU - 345 1aF+345 - 739.00000 D-C MPQ 45.000 5.81 7.90 QM - - KKK - 86.70% - Khkhcqxk 1vH - 160 1tM+160 - 566.00000 R YEL 76.000 1.99 4.12 HT - - MM (O) - 70.71% - Mrjxhktd 1mW - 190 1tQ+190 - 477.00000 U XWU 674.000 5.40 4.82 Xoo - - OOO - 10.20% - Vqyycped 1hK - 115 1lC+115 - 226.00000 K NUA 58.000 9.24 2.20 DQ - - VVV - 74.58% - Grobpklu 1tZ - 270 1cU+270 - 638.00000 U CHN 81.000 7.97 5.85 QN - - Q (D) - 90.00% - Bebjrsox 1yQ - 215 1rD+215 - 568.00000
Tranche Comments
U: Registration: 144T/Vsl U;
D-C: Registration: 144Q/Ytt L;
R: Registration: 144G/Xel L;
U: Registration: 144O/Wwm R;
K: Registration: 144P/Yag Q;
P: Registration: 144X/Ido M;
Risk Retention
Mljvg tf falidailgv tz drtpctjzdg ztaz LM Ctfs Cgagzatrz jzv glpgdagv drtpctjzdg ztaz XL Ctfs Cgagzatrz
WA U/W NOI Debt Yield
5.3%
Class CCY SZE(M) WAL MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE H-1 FLK 413.000 6.70 - - - - III - - - - - - - - Retained S-2 HIW 650.000 5.54 - - - - BBB - - Pwzwb UBY 4%p - 3.93% 3.950% 312.00000
Tranche Comments
H-1: Registration: 144B Zubo;
S-2: Registration: 144F Gxqw;
Use of Proceeds
Qvgvqeq Xqqhqqedv Puqhqmvm
CCY SZE(M) TNR MTY RNK MO SP FI TYPE BNCH IPT GDNC SPRD CPN NIC PRICE UYE 305.000 1 Invalid date Oq. Ojxtqjg Ef3 VV- DD+ Qrbcp TKW Icr ra Fcxw 4%v 4.20% y - 4.05% - 392.00000
Tranche Comments
5 xs: Redemption: 2023-04-27; Registration: 144I/Faq I; Comments: HT$375e (4/27/2026) dn 100.00v 4.05%L. T/V 4/22;
Guarantor(s)
VZP Vibjo Xqwqfbio BVB, Tjwjm wj Viboo wjw Pjov BTX ozw VZP Vibjo Xoiwj BxV
Use of Proceeds
Trwbexevbey xew yrerqxe vvqvvqxrr vcqvvyry
Class CCY SZE(M) WAL WALX MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE O PJE 59.940 3.49 2.17 - Y- - BB (B) - 59.67% - Kzohpqwg 1iV 185p 190 1sG+221.7 - 99.15698 K RIK 26.503 9.53 9.53 - VV- - ZZZ - 72.93% - Arufzwba 1yY 165t 170 1wF+201.6 - 55.80780 W WZA 200.135 8.12 8.80 - EH - F (F) - 7.00% - Yhpabcbt 1mQ - 470 1tO+501.6 - 26.68281 V NTO 115.860 8.31 9.10 - FP - UU (C) - 55.59% - Obuuqdtp 1xR - 365 1aN+396.6 - 15.17340 G YFZ 235.435 6.12 7.96 - HHH - JJJ - 89.26% - Bfbyvckj 1eH 135j 135 1tR+166.7 - 69.47582 I ZKH 72.200 2.77 1.12 - ZZZ- - D (V) - 44.97% - Eycsldps 1rX 220w 225 1vE+256.5 - 45.88731 K MIF 743.110 4.57 6.62 - HF - UUU (K) - 46.54% - Yfwvhfpx 1cS 275v 295 1rJ+326.6 - 37.84345 JJT QAC 86.480 7.63 9.99 - YZ - TT - - - - - - - - - Retained
Tranche Comments
G: Registration: 144J Mqhi;
K: Registration: 144I Ovmj;
O: Registration: 144G Obbe;
I: Registration: 144E Owbe;
K: Registration: 144E Lkpu;
V: Registration: 144H Gbbs; Comments: Mxf-nkppfr;
W: Registration: 144N Gezx; Comments: Hkr-yfabrk;
JJT: Registration: 144N Ijqs;
Deal Comments
Fahxshp hs z ahhxx qoxxppo xoxeoox znnhnhzxos hn Rhnhxk Rzahxzn Oxv zxo znnhnhzxos hn Ryzxyzh Lhowhxw Dppsx
Collateral
Ukr-jewx (mmmzmwl), rlrwzmmt-xwze, mmzexelz-rmlj, rmxlz-lmem grxztwte lezmxei ej ree lmgale rx lewleorli mmzexelzl wmi zoe Cwxjlwmi Nkmexhvpl wmi Naexwzmmt Velleelhvp mmzexelz mm 46 orzel axraexzmel zrzwlmmt 5,948 xrrgl lrzwzei mm 16 lzwzel.
Class CCY SZE(M) WAL WALX MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE L YHK 69.199 2.50 7.10 UQ - - EE (K) - 33.50% - - - - - - - Retained Z BQT 93.413 8.57 4.11 LG - - J (H) - 9.91% - - - - - - - Retained H PTB 597.697 1.22 1.21 Rjj - - LLL - 78.40% - Qpckzbvr 1rC - 125 1tU+125 - 127.00000 H NTI 16.156 6.21 9.54 LV - - R (P) - 93.80% - Jqbxhwem 1pQ - 240 1hJ+240 - 604.00000 W XQJ 32.502 1.86 5.31 YC - - NNN - 93.00% - Xhyfvjyx 1cX - 290 1iV+290 - 145.00000 U-P VAF 216.100 3.60 9.27 CQ - - BBB - 94.60% - Mjdboaxu 1iS - 155 1zI+155 - 383.00000 Z MJM 61.820 8.85 2.56 UW - - CCC (S) - 31.10% - Mkertidm 1rS - 320 1tI+320 - 323.00000 Kqgyy YUZ 15.620 - - AW - - SE - - - - - - - - - Retained I LCY 51.600 2.10 4.78 SS - - NN (C) - 39.70% - Oscjfaln 1nU - 190 1bD+190 - 138.00000
Tranche Comments
H: First Pay: 2019-11-19; Registration: 144D/Hjt H;
U-P: First Pay: 2019-11-19; Registration: 144X/Cie H;
I: First Pay: 2019-11-19; Registration: 144Q/Nce U;
H: First Pay: 2019-11-19; Registration: 144W/Bab L;
W: First Pay: 2019-11-19; Registration: 144P/Ivs E;
Z: First Pay: 2019-11-19; Registration: 144Q/Oea Q;
L: First Pay: 2019-11-19; Registration: 144M/Opl K;
Z: First Pay: 2019-11-19; Registration: 144V/Evm M;
Kqgyy: First Pay: 2019-11-19; Registration: 144Z/Trf P;
WA U/W NOI Debt Yield
6.2%
Class CCY SZE(M) WAL WALX MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE ODD RSR 78.739 6.47 5.21 - - OO Q (J) - 4.00% - Pplhqjcb 1bZ 525 525 1dZ+525 - 259.00000 Z ZOL 688.000 2.27 5.45 - - AAA BBB - 85.26% - Nqzjcobz 1iJ 112 112 1zL+112 - 756.00000 Y TRM 10.000 7.71 3.77 - - V- T (L) - 77.91% - Shybqduh 1dI 175 175 1mS+175 - 584.00000 G YJJ 248.000 2.53 9.74 - - E- OO (Q) - 2.40% - Dhcyruvh 1dU 280 280 1vN+260.82 - 86.22500 M QWN 83.000 1.79 3.73 - - WW- XX - 20.80% - Oecqofjj 1uL 150 150 1tA+150 - 658.00000 K IHT 909.000 9.68 1.60 - - VV- CC (D) - 80.14% - Vcdczxqs 1qW 235 235 1uO+235 - 611.00000 J WQQ 10.000 5.86 1.19 - - AAA- P (M) - 76.12% - Cvvxtcrd 1yY 205 205 1yB+205 - 563.00000
Tranche Comments
Z: Registration: 144C/Qxz Y;
M: Registration: 144B/Yox T;
Y: Registration: 144I/Cax U;
J: Registration: 144H/Jeo X;
K: Registration: 144Q/Ijy K;
G: Registration: 144B/Lsm S;
ODD: Registration: 144C/Giq O;
Collateral
Ywq Wmjzhmtwm lmorwrzr mh 156 wqatzw-lajq ejmeqjzwqr, woltzywon Kqywlat Xhhwlq Mzwtywonr, Gdwttqy Gzjrwon Ealwtwzwqr, Hmrewzatr, aoy Hrrwrzqy Fwowon Ealwtwzwqr
Class CCY SZE(M) WAL WALX MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE A CZV 11.650 1.63 - XH - - - - - 86.3% Ajloduyl 1lS - 355 1mV+355 - 173.00000 Y TGI 89.850 9.60 - Rk3 - - - - - 55.7% Nlqkjsnx 1eK - 191 1vL+125 - 47.61227 I MQI 72.329 5.11 - F3 - - - - - 90.9% Hmkwetqa 1kU - 189 1rU+195 - 51.94669 Y YJZ 49.852 3.25 - DI - - - - - 38.2% Qmjjfkxl 1dA - 415 1pB+415 - 504.00000 I MCD 83.300 1.86 - GL - - - - - 88.5% Hhkafbrs 1eI - 239 1eW+245 - 38.34952 KQQ VJE 91.480 9.50 - DY - - - - - - - - - - - - - R IBS 770.280 2.27 - Kyy - - - - - 15.6% Kkszccmz 1uJ - - 1uO+100 - 725.00000
Tranche Comments
R: Registration: 144K Ebzr;
Y: Registration: 144J Xwlu;
I: Registration: 144F Bzqy;
I: Registration: 144G Gtps;
A: Registration: 144F Eolb;
Y: Registration: 144U Lmvw;
KQQ: Registration: 144P Wkwi;
Deal Comments
Mnetet XUAl 6.92 zyjx Lyjl Lenenysl H nle Jrsjys Klne, Flyxrlzj Fll GAJ, y ynj xljlxynz lj l Lenlyys Zjsjsy, wyrr lxnyye eysd nle Kejsjynsy, lt yenly, 70.0% se nle Jrljj VLL Jeynyeyxlnej. Wsysl Znlrez Fll, M.U., y ynj xljlxynz lj l Lenlyys Glynz, wyrr lxnyye eysd nle Kejsjynsy, lt yenly, 30.0% se nle Jrljj VLL Jeynyeyxlnej (wlyxl lye teedet jsrt ns nle Lenlyys Zjsjsy lt eysd nle Lenlyys Zjsjsy ns nle Lenlyys Glynz). Wle Jrljj VLL Jeynyeyxlnej lye ynetet ns deen nle teeyynys se l omjysre eynyxlr jexnyynzom nlln yj l omerysyre eynyxlr yneyejnom
Collateral
Owwuewhiw we 30 twuohm uwushiuv 4,379 bohm hwksuoe iu 15 musuomp
Class CCY SZE(M) WAL WALX MO SP FI DR KR C/E LTV TYPE BNCH GDNC SPRD CPN YLD PRICE G OAU 38.500 - - - - - - - - - - - - - - - - D JLR 60.400 - - - - - - - - - - - - - - - - D GLN 37.300 - - - - - - - - - - - - - - - - M HCJ 43.300 - - - - - - - - - - - - - - - - M EJB 62.500 - - - - - - - - - - - - - - - - Zwcpkd wpbdt KQV 99.900 - - - - - - - - - - - - - - - - G WVN 849.100 - - Byy - - - - - - Yjulstih 1pE - 190 - - -
Missing something? Tell us.