{"success":true,"data":{"pressRelease":{"id":"3409","rtpr_id":"nPn5xc0fha","ticker":"BFCEP","exchange":"Euronext Paris","all_tickers":["BFCEP"],"title":"Natixis Corporate & Investment Banking Leads Landmark $2.6 Billion Syndicated Letter of Credit Facility to Power Switch's Data Center Growth","author":"PR Newswire","published_at":"2026-04-21T19:11:18.712Z","article_body":"Natixis Corporate & Investment Banking Leads Landmark $2.6 Billion Syndicated Letter of Credit Facility to Power Switch's Data Center Growth\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- Natixis Corporate & Investment\nBanking (Natixis CIB), acting as structuring bank, initial coordinating lead\narranger, joint bookrunner, and facility agent, is pleased to announce the\nclosing of a $2.6 billion syndicated Letter of Credit Facility (\"LCF\") for\nData Center Power Infrastructure for Switch. In response to the escalating\ndemand for sustainable power in the digital infrastructure sector, this\nsyndicated facility is the largest U.S. dollar-denominated of its kind and\nunprecedented for the data center industry. It will support power procurement\nand provide credit backing for new transmission and generation resources.\n\n(https://mma.prnewswire.com/media/745203/Natixis_Logo.html)\n\nSwitch is a global leader in AI, cloud, and enterprise data center\ninfrastructure. The LCF further strengthens Switch's ability to develop\ngigawatt-scale campuses in major U.S. markets and aligns with Switch's broader\nstrategy to deliver sustainable infrastructure at scale.\n\n\"As power becomes more critical to enabling AI and next-generation data\ncenters, our facility will allow Switch to secure power generation and\ntransmission capacity for data center developments,\" said Arnaud Stevens, Head\nof Global Trade, Americas at Natixis CIB. \"This first-of-its-kind transaction\nin the data center sector will provide Switch the flexibility and access to\ncapital to best position the firm to secure reliable gigawatts of electricity\nand for continued growth. The exceptional collaboration with our 10 esteemed\nbanking partners, whose expertise and commitment were instrumental, further\nensured the success of this milestone.\"\n\n\"We are very pleased that we were able to support Switch as structuring bank\non this milestone transaction\", said Pim Rothweiler, Head of Telecom &\nTech Americas, Natixis CIB. \"It shows how Natixis continues to be at the\nforefront of demonstrating leadership and expertise with innovative financing\nsolutions that address the critical power needs of our clients in the digital\ninfrastructure sector.\"\n\nSwitch is a global leader in AI, cloud, and enterprise data center\ninfrastructure. For more information, visit Switch's press release\nhere: Switch Secures Landmark $2.6 Billion Syndicated Letter of Credit\nFacility\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=1507635371&u=https%3A%2F%2Fwww.switch.com%2Fswitch-secures-landmark-2-6-billion-syndicated-letter-of-credit-facility-setting-a-new-standard-for-data-center-power-infrastructure%2F&a=Switch+Secures+Landmark+%242.6+Billion+Syndicated+Letter+of+Credit+Facility)\n\nAbout Natixis Corporate & Investment Banking\nNatixis Corporate & Investment Banking is a leading global financial\ninstitution that provides advisory, investment banking, financing, corporate\nbanking and capital markets services to corporations, financial institutions,\nfinancial sponsors and sovereign and supranational organizations worldwide.\n\nOur teams of experts in about 30 countries advise clients on their strategic\ndevelopment, helping them to grow and transform their businesses, and maximize\ntheir positive impact. Natixis CIB is committed to aligning its financing\nportfolio with a carbon neutrality path by 2050 while helping its clients\nreduce the environmental impact of their business.\n\nAs part of Groupe BPCE, the second largest banking group in France through the\nBanque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits\nfrom the Group's financial strength and solid financial ratings (Standard\n& Poor's: A+, Moody's: A1, Fitch: A+, R&I: A+).\n\nPress contact:\nTara Flanagan, Prosek Partners\nTel: +1 646 818 9022\ntflanagan@prosek.com (mailto:tflanagan@prosek.com)\n\ncib.natixis.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=201306875&u=https%3A%2F%2Fcib.natixis.com%2Fhome%2F&a=cib.natixis.com)\n\nhttps://www.linkedin.com/company/natixis-corporate-investment-banking/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=2035424629&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnatixis-corporate-investment-banking%2F&a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnatixis-corporate-investment-banking%2F)\n\nhttps://www.youtube.com/user/natixisvideos\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=4001494215&u=https%3A%2F%2Fwww.youtube.com%2Fuser%2Fnatixisvideos&a=https%3A%2F%2Fwww.youtube.com%2Fuser%2Fnatixisvideos)\n \nhttps://podcast.ausha.co/green-momentum\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=1403486298&u=https%3A%2F%2Fpodcast.ausha.co%2Fgreen-momentum&a=https%3A%2F%2Fpodcast.ausha.co%2Fgreen-momentum)\n\nOur information is certified with blockchain technology.\nCheck that this press release is genuine at www.wiztrust.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=1613839035&u=https%3A%2F%2Fwww.wiztrust.com&a=www.wiztrust.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/natixis-corporate--investment-banking-leads-landmark-2-6-billion-syndicated-letter-of-credit-facility-to-power-switchs-data-center-growth-302749219.html\n(https://www.prnewswire.com/news-releases/natixis-corporate--investment-banking-leads-landmark-2-6-billion-syndicated-letter-of-credit-facility-to-power-switchs-data-center-growth-302749219.html)\n\nSOURCE Natixis\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/745203/Natixis_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5xc0fha","title":"Natixis Corporate & Investment Banking Leads Landmark $2.6 Billion Syndicated Letter of Credit Facility to Power Switch's Data Center Growth","author":"PR Newswire","ticker":"BFCEP","created":"2026-04-21T19:11:18.712Z","tickers":["BFCEP"],"exchange":"Euronext Paris","article_body":"Natixis Corporate & Investment Banking Leads Landmark $2.6 Billion Syndicated Letter of Credit Facility to Power Switch's Data Center Growth\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- Natixis Corporate & Investment\nBanking (Natixis CIB), acting as structuring bank, initial coordinating lead\narranger, joint bookrunner, and facility agent, is pleased to announce the\nclosing of a $2.6 billion syndicated Letter of Credit Facility (\"LCF\") for\nData Center Power Infrastructure for Switch. In response to the escalating\ndemand for sustainable power in the digital infrastructure sector, this\nsyndicated facility is the largest U.S. dollar-denominated of its kind and\nunprecedented for the data center industry. It will support power procurement\nand provide credit backing for new transmission and generation resources.\n\n(https://mma.prnewswire.com/media/745203/Natixis_Logo.html)\n\nSwitch is a global leader in AI, cloud, and enterprise data center\ninfrastructure. The LCF further strengthens Switch's ability to develop\ngigawatt-scale campuses in major U.S. markets and aligns with Switch's broader\nstrategy to deliver sustainable infrastructure at scale.\n\n\"As power becomes more critical to enabling AI and next-generation data\ncenters, our facility will allow Switch to secure power generation and\ntransmission capacity for data center developments,\" said Arnaud Stevens, Head\nof Global Trade, Americas at Natixis CIB. \"This first-of-its-kind transaction\nin the data center sector will provide Switch the flexibility and access to\ncapital to best position the firm to secure reliable gigawatts of electricity\nand for continued growth. The exceptional collaboration with our 10 esteemed\nbanking partners, whose expertise and commitment were instrumental, further\nensured the success of this milestone.\"\n\n\"We are very pleased that we were able to support Switch as structuring bank\non this milestone transaction\", said Pim Rothweiler, Head of Telecom &\nTech Americas, Natixis CIB. \"It shows how Natixis continues to be at the\nforefront of demonstrating leadership and expertise with innovative financing\nsolutions that address the critical power needs of our clients in the digital\ninfrastructure sector.\"\n\nSwitch is a global leader in AI, cloud, and enterprise data center\ninfrastructure. For more information, visit Switch's press release\nhere: Switch Secures Landmark $2.6 Billion Syndicated Letter of Credit\nFacility\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=1507635371&u=https%3A%2F%2Fwww.switch.com%2Fswitch-secures-landmark-2-6-billion-syndicated-letter-of-credit-facility-setting-a-new-standard-for-data-center-power-infrastructure%2F&a=Switch+Secures+Landmark+%242.6+Billion+Syndicated+Letter+of+Credit+Facility)\n\nAbout Natixis Corporate & Investment Banking\nNatixis Corporate & Investment Banking is a leading global financial\ninstitution that provides advisory, investment banking, financing, corporate\nbanking and capital markets services to corporations, financial institutions,\nfinancial sponsors and sovereign and supranational organizations worldwide.\n\nOur teams of experts in about 30 countries advise clients on their strategic\ndevelopment, helping them to grow and transform their businesses, and maximize\ntheir positive impact. Natixis CIB is committed to aligning its financing\nportfolio with a carbon neutrality path by 2050 while helping its clients\nreduce the environmental impact of their business.\n\nAs part of Groupe BPCE, the second largest banking group in France through the\nBanque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits\nfrom the Group's financial strength and solid financial ratings (Standard\n& Poor's: A+, Moody's: A1, Fitch: A+, R&I: A+).\n\nPress contact:\nTara Flanagan, Prosek Partners\nTel: +1 646 818 9022\ntflanagan@prosek.com (mailto:tflanagan@prosek.com)\n\ncib.natixis.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=201306875&u=https%3A%2F%2Fcib.natixis.com%2Fhome%2F&a=cib.natixis.com)\n\nhttps://www.linkedin.com/company/natixis-corporate-investment-banking/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=2035424629&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnatixis-corporate-investment-banking%2F&a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnatixis-corporate-investment-banking%2F)\n\nhttps://www.youtube.com/user/natixisvideos\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=4001494215&u=https%3A%2F%2Fwww.youtube.com%2Fuser%2Fnatixisvideos&a=https%3A%2F%2Fwww.youtube.com%2Fuser%2Fnatixisvideos)\n \nhttps://podcast.ausha.co/green-momentum\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=1403486298&u=https%3A%2F%2Fpodcast.ausha.co%2Fgreen-momentum&a=https%3A%2F%2Fpodcast.ausha.co%2Fgreen-momentum)\n\nOur information is certified with blockchain technology.\nCheck that this press release is genuine at www.wiztrust.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4669948-1&h=1613839035&u=https%3A%2F%2Fwww.wiztrust.com&a=www.wiztrust.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/natixis-corporate--investment-banking-leads-landmark-2-6-billion-syndicated-letter-of-credit-facility-to-power-switchs-data-center-growth-302749219.html\n(https://www.prnewswire.com/news-releases/natixis-corporate--investment-banking-leads-landmark-2-6-billion-syndicated-letter-of-credit-facility-to-power-switchs-data-center-growth-302749219.html)\n\nSOURCE Natixis\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/745203/Natixis_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T19:11:18.771083331Z","server_sent_at_ms":1776798678771},"received_at":"2026-04-21T19:11:18.825Z","source_url":"https://www.prnewswire.com/news-releases/natixis-corporate--investment-banking-leads-landmark-2-6-billion-syndicated-letter-of-credit-facility-to-power-switchs-data-center-growth-302749219.html"},"analysis":{"id":"2300","press_release_id":"3409","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"other","narrative":"Natixis CIB acted as structuring bank and lead arranger on a $2.6 billion syndicated Letter of Credit Facility for Switch to support data center power infrastructure.\n\nThe facility is the largest U.S. dollar-denominated LCF of its kind, aimed at securing power generation and transmission capacity for AI and next-gen data centers.\n\nThis transaction underscores Natixis' expertise in innovative financing for the digital infrastructure sector.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Natixis leads landmark $2.6B facility, cementing AI infrastructure finance leadership."},"keyFigures":{"dealValueUsd":2600000000,"customDimensions":{"banking_partners":10}},"quotedText":"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","namedEntities":{"people":[{"name":"Arnaud Stevens","role":"Head of Global Trade, Americas"},{"name":"Pim Rothweiler","role":"Head of Telecom & Tech Americas"}],"products":["Syndicated Letter of Credit Facility"],"companies":[{"name":"Natixis Corporate & Investment Banking"},{"name":"Switch","relationship":"partner"},{"name":"Groupe BPCE","relationship":"parent company"}],"dollarAmounts":[{"amount":"$2.6 billion","context":"syndicated Letter of Credit Facility for Data Center Power Infrastructure"}]},"materialImpact":{"score":2,"reasoning":"Natixis CIB secured a prominent lead arranger role on a $2.6B facility, demonstrating sector leadership in high-growth data center infrastructure, though it is a routine fee-based event for a large banking group."},"tickerRelevance":{"others":[],"primary":"BFCEP"},"eventTypeSecondary":[]},"event_type":"other","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Natixis CIB acted as structuring bank and lead arranger on a $2.6 billion syndicated Letter of Credit Facility for Switch to support data center power infrastructure.\n\nThe facility is the largest U.S. dollar-denominated LCF of its kind, aimed at securing power generation and transmission capacity for AI and next-gen data centers.\n\nThis transaction underscores Natixis' expertise in innovative financing for the digital infrastructure sector.","key_figures":{"dealValueUsd":2600000000,"customDimensions":{"banking_partners":10}},"named_entities":{"people":[{"name":"Arnaud Stevens","role":"Head of Global Trade, Americas"},{"name":"Pim Rothweiler","role":"Head of Telecom & Tech Americas"}],"products":["Syndicated Letter of Credit Facility"],"companies":[{"name":"Natixis Corporate & Investment Banking"},{"name":"Switch","relationship":"partner"},{"name":"Groupe BPCE","relationship":"parent company"}],"dollarAmounts":[{"amount":"$2.6 billion","context":"syndicated Letter of Credit Facility for Data Center Power Infrastructure"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T22:57:20.073Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.667Z"}},"durationMs":45771,"modelName":"glm-4.7"}}