Jason Zibarras, TierPoint Board Director and Managing Partner of Argo Infrastructure Partners
By CorpGov Editorial Staff
TierPoint’s parent company secured a $250 million term loan to help expand its footprint and meet rising demand for IT infrastructure—particularly from enterprise and AI-heavy clients, the company said.
The financing package, which includes a delayed draw option, was upsized due to investor interest and comes as TierPoint looks to double down on growth: building out more data center capacity, buying out leases at key facilities, and paying down other obligations like preferred equity and variable funding notes, it said.
“There is a clear market signal in the sustained improvement in financing terms and pricing that the company has attracted over time, now coupled with a flexible and sophisticated capital construct that sets TierPoint on a path to consolidate its unique advantages,” said Jason Zibarras, TierPoint Board Director and Managing Partner of Argo Infrastructure Partners.
READ MORE
Register for our weekly newsletter HERE
