secwatch.observer — SEC 8-K summary
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Issuer:     Switch, Inc. (—)
CIK:        0001710583
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001193125-22-298966
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Switch completed $11B take-private by DigitalBridge and IFM Investors at $34.25/share
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- All outstanding SWCH shares acquired for $34.25 per share in cash; enterprise value approximately $11 billion.
- Switch common stock delisted from NYSE; reporting obligations to be suspended.
- Switch redeemed $600M of 3.75% Senior Notes due 2028 and $500M of 4.125% Senior Notes due 2029.
- Switch entered into new $100M revolving credit facility and $6.7B mortgage loan financing in connection with the merger.
- Board members replaced; Rob Roy remains CEO; Thomas Morton and Gabe Nacht appointed directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710583/000119312522298966/0001193125-22-298966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710583/000119312522298966/d356989d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-298966

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