Global Switch Successfully Refinances €500 Million Bond in London

January 23, 2024
Global Switch Holdings Limited, a leading owner, operator, and developer of large-scale network dense, carrier and cloud neutral multi-tenanted data centres in Europe and Asia-Pacific, announced on January 23, 2024, the successful refinancing of a €500 million bond. The bond was first issued in May 2017 and was due to mature on January 31, 2024. The refinancing was achieved through securing a €500 million loan from two of the group's existing relationship banks, HSBC and DBS. Following the repayment of the €500 million bond at the end of January, Global Switch will have two remaining bonds in issue, with €500 million and €700 million maturing in 2027 and 2030 respectively. The company also has in place a £350 million revolving credit facility which is currently undrawn, plus cash balances in excess of £200 million at December 31, 2023.