ST. LOUIS (May 21, 2024) – TierPoint, a leading provider of secure, connected IT platform solutions that power digital transformation initiatives, today announced its newest service, a Hybrid Private Cloud built on Microsoft Azure Stack, with hyperconverged infrastructure (HCI) and Azure Arc, offered exclusively on the Dell APEX Cloud Platform for Microsoft Azure.

The new private cloud solution enables Microsoft Azure services and capabilities in all of TierPoint’s 40 secure, enterprise-grade data centers nationwide. Offering both infrastructure as a service (IaaS) and platform as a service (PaaS), Azure Stack shares its code, application programming interfaces (APIs), and management portal with Microsoft Azure, enabling seamless connectivity to Azure for backup, disaster recovery, and cloud-based monitoring.

Coupled with TierPoint’s extensive experience with private, public, and hybrid cloud deployments, the new solution is ideal for companies seeking private cloud alternatives that enable high-performance databases, virtual desktop infrastructure (VDI), and disaster recovery, while fulfilling production, business continuity, security, and regulatory compliance objectives.

“Increasingly, today’s IT leaders are building their cloud strategies on a hybrid approach, blending private and public cloud options to achieve the best possible performance and integration of their diverse applications and workloads,” said TierPoint Chairman and CEO Jerry Kent. “Our managed private cloud offering built on Microsoft Azure Stack and the Dell APEX Cloud Platform is hybrid by design, deployable on the edge of the network, enabling the seamless movement of workloads between private and public clouds, all supported by our well-established track record as a Microsoft advanced specialization partner and Dell Technologies Gold partner.”

“This move strengthens TierPoint’s relationship with Microsoft and allows its clients to leverage Azure VMs, Azure Kubernetes Service, and Azure Virtual Desktop in TierPoint’s 40 US data centers, increasing TierPoint’s capacity to serve customers anywhere and offering a vital option to their private cloud customers,” said Chris Andrew, general manager, datacenter optimization at Microsoft.

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About TierPoint

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

ST. LOUIS (May 8, 2024) – TierPoint, a leading, national enterprise data center company and provider of secure, connected IT platform solutions that power digital transformation initiatives, today announced the completion of a new $550 million asset-backed securities issuance to support the company’s continued growth and development. 

Through a wholly owned subsidiary, the company has now issued a total of $1.61 billion in asset-backed securities (ABS), inclusive of the new $550 million issuance and $1.06 billion issued in 2023. Last year’s ABS issuance was the largest in the U.S. data center sector since 2021. Like last year’s transaction, the new term notes were issued under the company’s Green Finance Framework, demonstrating TierPoint’s ongoing commitment to operating in accordance with environmental and sustainability principles.

The new offering further enhances the company’s investment grade credit profile (of which over 90% is rated A-), extends its debt maturities, lowers its long term cost of capital, and allows the company to deploy more data center capacity to meet accelerating demand in current and new markets. All the notes were rated investment grade by Kroll Bond Rating Agency and have a 30-year legal maturity, including $425 million of Class A notes rated A-, with a 6.1-year anticipated repayment date, and $125 million of Class B notes rated BBB-, with a 5-year anticipated repayment date.

Net proceeds after transaction fees and expenses will be used to redeem the entirety of the company’s senior preferred equity, reduce the company’s overall cost of capital, and reduce the balance outstanding under its variable funding notes.

“TierPoint is experiencing exceptionally strong demand for its cloud and data center solutions, including our market-leading, enterprise and high-density colocation services, which are required for artificial intelligence and other compute-intensive, GPU-accelerated workloads,” said TierPoint Chairman and CEO Jerry Kent. “This new financing further positions us to answer that demand and continue providing cutting-edge service, support, and reliable operations, with 100% uptime of critical systems achieved in 2023.”

TierPoint’s Green Finance Framework and the two, green ABS issuances demonstrate a world-class commitment to aligning business growth and sustainability with transparency. The framework aligns to the core components of the International Capital Market Association (ICMA) Green Bond Principles, as well as the Green Loan Principles. These principles are voluntary guidelines to ensure consistency and transparency across the Green Bond and Green Loan markets globally, including requirements for the issuer to allocate an amount equal to the green ABS proceeds to support the financing or refinancing of Eligible Green Assets with clear and positive environmental impact. Full details of the Green Finance Framework, as well as an external review by Sustainalytics, are available on TierPoint’s website.

Guggenheim Securities, LLC acted as sole structuring advisor and lead placement agent for the securitized notes. Barclays Capital Inc. and TD Securities (USA) LLC also acted as joint placement agents for the term notes. ING Financial Markets, LLC and J.P. Morgan Securities acted as passive bookrunners. Simpson Thacher & Bartlett LLP served as counsel to TierPoint and Latham & Watkins LLP as counsel to Guggenheim.

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About TierPoint 

TierPoint (tierpoint.com) has one of the largest and most geographically diversified U.S. enterprise data center footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast fiber network. TierPoint also is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more.

ST.LOUIS (April 11, 2024) – TierPoint, a leading provider of secure, connected IT platform solutions that power digital transformation initiatives, today announced the company is now a VMware Cloud Service Provider (VCSP) Pinnacle tier partner in the Broadcom Advantage Partner Program for the North American market to help mutual enterprise customers innovate by adopting VMware Cloud Foundation (VCF) as their private cloud infrastructure. TierPoint delivers new managed VMware Cloud Foundation private cloud services, including sovereign cloud services that support data residency and other jurisdictional controls.

TierPoint will add the new VMware Cloud Foundation to this portfolio of services, helping organizations modernize infrastructure with the best possible TCO, deliver a frictionless self-service experience for developers with consolidated VM and container-based workload support on a single platform, and provide enterprise-grade resiliency and security. TierPoint intends to support the new license portability feature of VCF, which builds on TierPoint’s legacy of providing a flexible hybrid cloud experience for customers.

“As a Pinnacle partner, TierPoint’s expertise, experience and influence in the industry will play a crucial role in helping to lead our customers on their cloud journey,” said Ahmar Mohammad, Vice President, Partners, Managed Services, and Solutions GTM, VMware Cloud Foundation Division at Broadcom. “The VCSP Pinnacle tier is designed to build stronger relationships with our most valued VCSP partners to help customers implement a highly efficient cloud operating model that combines public cloud scale and agility with private cloud security and performance.”

“With our comprehensive portfolio of services and industry-leading reputation for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, TierPoint is well positioned to help customers manage, upgrade, and safeguard their VMware workloads in the cloud,” said Greg Ahlheim, TierPoint Senior Vice President of Product Development. “As a Pinnacle Partner, we can uniquely help these customers navigate an ever-changing landscape of options and achieve their business objectives.”

Pinnacle is the highest program level in the Broadcom Advantage Partner program. Pinnacle partners are Broadcom’s most invested and strategic partners, boasting extensive certifications, a track record of significant sales and service achievements, and broad international coverage. Holding Pinnacle status signifies a partner’s deep technological know-how and proficiency in addressing the most intricate customer issues. Broadcom works in close partnership with Pinnacle partners, including co-selling to mutual customers, to provide the foundational technology that drives the digital landscape.

About TierPoint

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

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Contact: Pete Abel, 314-550-7080, Pete.Abel@tierpoint.com

In his new role, Lagg will oversee TierPoint’s national sales team and shape its go-to-market strategy. Before joining TierPoint, Lagg was with Iron Mountain for 21 years where he held various sales and business development leadership positions and established a reputation as a highly impactful and accomplished executive.

“After an exhaustive search process, we were extremely pleased to reach agreement with Michael as our new Chief Sales Officer,” Kent said. “He thoroughly impressed our leadership team with his integrity and his thoughtful, disciplined approach to developing world-class sales organizations. His references were unanimous in their praise for his exceptional leadership skills, and he promises to fit very well with our collaborative, customer-first culture.”

“I’m thrilled to join the people of TierPoint, as they continue building this impressive company,” Lagg said. “In the process of providing their clients with superior service, they have assembled an outstanding roster of talented individuals and are very well positioned to capitalize on growing demand for their industry-leading colocation, cloud, and managed services.”

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About TierPoint

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

To date, TierPoint has earned five Microsoft Solutions Partner designations:

• Digital & App Innovation, demonstrating the company’s capabilities in helping its customers build, run, and manage applications across multiple clouds, on-premises, and at the edge, with customer-chosen tools and frameworks
• Data & AI, validating the company’s ability to help customers manage data across multiple systems and to build analytics and artificial intelligence (AI) solutions, including Azure solutions for AI-powered apps and machine learning life cycles
• Security, demonstrating capabilities in helping customers safeguard their entire organization with integrated security, identity and access management, threat protection and information governance solutions in Azure and Microsoft 365;
• Infrastructure, establishing the ability to help customers accelerate the migration of key infrastructure workloads to Azure and optimize cloud operations;
• Modern Work, demonstrating the ability to help customers boost productivity and make the shift to hybrid work using Microsoft 365.

TierPoint has also earned a specialization for Networking Services in Azure, validating the TierPoint team’s demonstrated knowledge, experience, and success in designing, implementing, operating, and optimizing a customer’s network architecture, cost, and security on Microsoft Azure.

“The Microsoft Solutions partner designations and specialization we’ve earned are evidence of the tremendous effort our team has put into training and accreditation – as well as the delivery of Azure and Microsoft 365 solutions that fuel our customers’ success,” said Greg Ahlheim, TierPoint Senior Vice President of Product Development.

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About TierPoint

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

ST. LOUIS (January 8, 2024) – TierPoint, a leading provider of secure, connected IT platform solutions that power digital transformation initiatives, today announced its acquisition of a new, multi-megawatt data center in Fort Worth, Texas, establishing its third facility in the greater Dallas area. The seller and purchase price were not disclosed.

The acquired data center, located at 13701 Independence Parkway in Fort Worth, currently has 208,000 total square feet; 45,000 square feet of data center production space; and 5 MW of power available. Production space and power are both scalable, including 8 MW in the near-term and 18 MW long-term.

“We’re experiencing exceptionally strong demand for data center services and this new, world-class facility greatly enhances our ability to answer that demand,” said TierPoint Chairman and CEO Jerry Kent. “We’re in active, late-stage conversations with multiple companies that have an interest in the facility, which – in addition to supporting traditional colocation needs – is a future landing spot for the large-scale, high-density colocation services required for artificial intelligence and other compute-intensive, GPU-accelerated workloads.”

The new Dallas data center joins TierPoint’s current portfolio of 40 world-class facilities in more than 20 U.S. markets, connected by a coast-to-coast 100G network.

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About TierPoint

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

The latest round of audits considered the updated NIST 800-53 Rev 5 and ISO 27001:2022 controls. In addition, TierPoint maintains ITAR and EU-US Privacy Shield registrations.

“These audits demonstrate that TierPoint is ready to meet the requirements of its customers and prepared to manage the ever-changing landscape of cybersecurity threats,” said TierPoint Chief Information Security Officer Paul Mazzucco. “Security, privacy protection, and reliability are key to the success of our customers and always a priority for our company.”

Compliance certifications are considered important by many organizations seeking a colocation, cloud, or hybrid IT solution with uniform processes and practices that meet industry standards for physical and operational efficiency, privacy protection, and security. With dozens of data centers across the country, TierPoint is among a select few infrastructure providers that have achieved compliance certifications for such a large national footprint of facilities.

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About TierPoint 

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

To date, TierPoint has earned three Microsoft Solutions partner designations:

• Security, demonstrating the company’s capabilities in helping customers safeguard their entire organization with integrated security, identity and access management, threat protection and information governance solutions in Azure and Microsoft 365;
• Infrastructure, demonstrating the ability to help customers accelerate the migration of key infrastructure workloads to Azure and optimize cloud operations;
• Modern Work, demonstrating the ability to help customers boost productivity and make the shift to hybrid work using Microsoft 365.

The specialization for Networking Services in Azure validates the TierPoint team’s demonstrated knowledge, experience, and success in designing, implementing, operating, and optimizing a customer’s network architecture, cost, and security on Microsoft Azure.

“We are extremely proud of the collective effort our team has put into the Microsoft AI Cloud Partner Program,” said Greg Ahlheim, TierPoint Senior Vice President of Product Development. “We will continue to invest in this program for the benefit of our growing roster of Azure and Microsoft 365 clients.”

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About TierPoint 

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

Under the agreement, TierPoint will deploy high-density colocation services in one of its state-of-the-art data centers. This specialized infrastructure will support the continued, rapid expansion of CoreWeave’s cloud solutions for compute-intensive use cases, including machine learning and AI, visual effects (VFX) and rendering, batch processing and pixel streaming. Financial terms of the agreement were not disclosed.

CoreWeave’s serverless orchestration layer makes it a particularly attractive option for AI companies that are rushing to get products to market. Such companies can use CoreWeave to spin up workloads in as little as five seconds with increased portability, less overhead and less management complexity.

“TierPoint provides CoreWeave with technologically advanced solutions in a cost-effective manner, enabling the company to meet the needs of our customers rapidly and economically,” said Michael Intrator, CEO and Co-founder of CoreWeave.

“We’re very excited to welcome CoreWeave to our diverse roster of thousands of clients,” said TierPoint Chairman & CEO Jerry Kent. “CoreWeave offers a truly innovative platform for the development of AI and other compute-intensive applications, and their vote of confidence in TierPoint reinforces the unique value of our high-density colocation solution to power these business goals.”

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About TierPoint 

TierPoint (tierpoint.com) is a leading provider of secure, connected IT infrastructure solutions that power the digital transformation of thousands of clients, including those that are enabling the development and operation of artificial intelligence (AI) tools and applications. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from standard to high-density colocation, disaster recovery, security, and more. TierPoint has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

About CoreWeave 

Founded in 2017, CoreWeave (coreweave.com) is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry’s fastest and most flexible infrastructure. CoreWeave builds cloud solutions for compute-intensive use cases — machine learning and AI, VFX and rendering, batch processing and pixel streaming — that are up to 35 times faster and 80% less expensive than the large, generalized public clouds.

ST. LOUIS (July 10, 2023) – TierPoint, a leading provider of secure, connected IT platform solutions that power digital transformation initiatives, today announced the completion of an asset-backed securities (ABS) issuance to support the company’s continued growth and development, marking the largest ABS issuance in the U.S. data center sector since 2021. In the transaction, TierPoint issued term notes under its new Green Finance Framework, demonstrating the company’s commitment to operating in accordance with environmental and sustainability principles.

The offering significantly enhances the company’s investment grade credit profile, extends its debt maturities,  lowers its long term cost of capital, and allows TierPoint to deploy more data center capacity to meet accelerating demand in current and new markets. Details include:

• A wholly owned subsidiary of TierPoint issued $835 million green ABS term notes, as part of a debut $1.06 billion entrance into the U.S. ABS market
• All the notes were rated investment grade at A- by Kroll Bond Rating Agency, including $835 million of term notes and $225 million of variable funding notes
• Financing was split into $360 million of term notes with a 3-year anticipated repayment date,  $475 million of term notes with a 7-year anticipated repayment date, and $225 million of variable funding notes with a 5-year anticipated repayment date.

Net proceeds after transaction fees and expenses will be used to pay off the company’s senior secured term loan and revolver and for working capital.

“This financing achievement, in a challenging market, is a testament to the strength of our company, the resolve of our employees, and the growing demand for our world-class facilities and services,” said Jerry Kent, TierPoint Chairman and Chief Executive Officer. “The strengthening of our balance sheet positions us to respond to this market demand and continue providing a superior level of support to the thousands of clients that rely on us to power their digital transformation initiatives.”

TierPoint’s Green Finance Framework and the green ABS demonstrate a market-leading commitment to aligning business growth and sustainability with transparency. The framework aligns to the core components of the International Capital Market Association (ICMA) Green Bond Principles, as well as the Green Loan Principles. These principles are voluntary guidelines to ensure consistency and transparency across the Green Bond and Green Loan markets globally, including requirements for the issuer to allocate an amount equal to the green ABS proceeds to support the financing or refinancing of Eligible Green Assets with clear and positive environmental impact.

TierPoint sought an external review of its Green Finance Framework from leading ESG data provider Sustainalytics, which confirmed in its Second-Party Opinion the positive impact of the green program and relevance to TierPoint’s sustainability strategy. Full details of the Green Finance Framework, as well as the external review by Sustainalytics, are available on TierPoint’s website.

Guggenheim Securities, LLC acted as sole structuring advisor and joint active bookrunning manager for the securitized notes. Barclays Capital Inc. and TD Securities (USA) LLC also acted as joint active bookrunning managers for the term notes. ING Financial Markets, LLC acted as passive bookrunning manager and green bond agent. RBC Capital Markets, LLC acted as passive bookrunning manager. Citigroup Global Markets Inc., Fifth Third Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC were engaged as co-managers for the transaction. Simpson Thacher & Bartlett LLP served as counsel to TierPoint and Latham & Watkins LLP as counsel to Guggenheim.

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About TierPoint 

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.