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0 -0.000269650802211083 0.00161790481326688 0.00161790481326688 0.00040447620331672 0.00175273021437233 0.00431441283537828 0.00242685721990032
Stock impact report

Switch Announces $3.5 Billion in Securitized Debt Financings [Yahoo! Finance]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: Yahoo! Finance
LAS VEGAS March 25, 2025 /PRNewswire/ -- Switch a premier provider of AI, cloud and enterprise data centers, today announced the successful completion of two securitized financing transactions. The transactions include a $2.4 billion Single Asset Single Borrower (SASB) CMBS loan and a $1.1 billion Asset Backed Security (ABS) issuance. The combined proceeds, totaling $3.5 billion , will refinance the majority of the company's outstanding acquisition financing, which supported the take-private transaction led by DigitalBridge and IFM Investors in December 2022 "We are thrilled to announce the completion of two landmark transactions: our third ABS and our inaugural CMBS issuances. These comprised $3.5 billion of new securitized debt, bringing our total issuance over the past 12 months to more than $5.2 billion ," said Thomas Morton , President of Switch. "These two transactions, which we successfully closed only one month apart, make Switch the largest issuer of securitized data cente Show less Read more
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