Why it matters
The strategic read
Turns utility credit support into a named AI-infrastructure bottleneck. Switch is not just raising generic corporate liquidity; the upsized package is explicitly designed to back power procurement, generation and transmission commitments for fully contracted gigawatt-scale AI and cloud campuses, showing that letters of credit and revolvers are becoming part of the physical AI factory stack beside GPUs, land and substations.
Source-supported terms
What was disclosed
- 01
Switch announced on June 10, 2026 that it extended and upsized its corporate revolving credit facility to more than $6B.
- 02
Switch also expanded its syndicated uncommitted performance letter-of-credit facility to $3.5B.
- 03
Together, the facilities provide nearly $10B of liquidity and credit-support capacity.
- 04
Switch said the expanded facilities will advance its fully contracted development pipeline and support gigawatt-scale campus growth.
- 05
The company said the facilities also enhance its ability to secure the transmission and generation resources needed to deliver critical AI and cloud infrastructure at scale.
- 06
Switch framed the letter-of-credit capacity as a response to utilities increasingly requiring credit support from developers before large-scale projects are completed and power is utilized.
- 07
The upsized LCF builds on Switch's recently announced $2.6B syndicated performance letter-of-credit facility, described by Switch as the first of its kind in the data-center industry.
- 08
DCD reported the same June 10 expansion and noted Switch now has access to a corporate revolver above $6B and a $3.5B LCF, while the firm is reportedly also in talks to raise more equity.
- 09
Switch operates large Prime campuses in Austin, Reno, Las Vegas, Grand Rapids and Atlanta, and has recently filed or acquired land for additional expansion.
- 10
DCD said Switch has evolved from traditional enterprise data-center workloads toward AI-ready capacity for hyperscalers.
Disclosure boundary
What is known—and what is not
Primary Switch / PRNewswire announcement plus DCD near-primary coverage. Public details disclose the facility sizes, financing purpose, link to a fully contracted development pipeline, gigawatt-scale campus growth, power procurement, generation and transmission credit support, and prior $2.6B LCF context. Public materials do not disclose lender allocations, pricing, maturity, covenants, collateral package, project-by-project credit-support commitments, utility counterparties, customer identities, campus-by-campus capacity, draw schedule or equity financing terms.