A $155 million refinancing for Switch and Data hit the market last Wednesday with Deutsche Bank and BNP Paribas driving the deal. The facility includes a $10 million revolver, a $25 million term loan "A," a $75 million "B" loan and a $45 million second lien. Pricing on the pro rata is LIBOR plus 4%, pricing on the term loan "B" is LIBOR plus 4 1/4% and pricing on the second lien is LIBOR plus 7 1/4%. Investors in Switch and Data include The CapStreet Group, Seaport Capital Partners, Tudor Ventures, A.G. Edwards, BancBoston Capital and management. The Tampa, Fla.-based company operates data centers that provide services including space, power and cross connections between customers and ISPs. George Pollock, senior v.p. and cfo, did not return calls.
Switch And Data Plugs Into Market