Press Release - Natixis CIB Leads Landmark $2.6 Billion Syndicated Letter of Credit Facility to Power Switch's Data Center Growth 04.21.2026.pdf
Natixis Corporate & Investment Banking - 1251 Avenue of the Americas - New York, NY 10020 - Phone: 212-891-6100 - cib.natixis.com
New York, April 21, 2026
Natixis Corporate & Investment Banking Leads Landmark $2.6 Billion
Syndicated Letter of Credit Facility to Power Switch's Data Center Growth
Natixis Corporate & Investment Banking (Natixis CIB), acting as structuring bank, initial coordinating
lead arranger, joint bookrunner, and facility agent, is pleased to announce the closing of a $2.6 billion
syndicated Letter of Credit Facility (“LCF”) for Data Center Power Infrastructure for Switch. In response
to the escalating demand for sustainable power in the digital infrastructure sector, this syndicated facility
is the largest U.S. dollar-denominated of its kind and unprecedented for the data center industry. It will
support power procurement and provide credit backing for new transmission and generation resources.
Switch is a global leader in AI, cloud, and enterprise data center infrastructure. The LCF further
strengthens Switch’s ability to develop gigawatt-scale campuses in major U.S. markets and aligns with
Switch’s broader strategy to deliver sustainable infrastructure at scale.
"As power becomes more critical to enabling AI and next-generation data centers, our facility will allow
Switch to secure power generation and transmission capacity for data center developments," said
Arnaud Stevens, Head of Global Trade, Americas at Natixis CIB. "This first-of-its-kind transaction in the
data center sector will provide Switch the flexibility and access to capital to best position the firm to
secure reliable gigawatts of electricity and for continued growth. The exceptional collaboration with our
10 esteemed banking partners, whose expertise and commitment were instrumental, further ensured
the success of this milestone."
“We are very pleased that we were able to support Switch as structuring bank on this milestone
transaction”, said Pim Rothweiler, Head of Telecom & Tech Americas, Natixis CIB. “It shows how Natixis
continues to be at the forefront of demonstrating leadership and expertise with innovative financing
solutions that address the critical power needs of our clients in the digital infrastructure sector.”
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