The Firm represented special-purpose subsidiaries of TierPoint, LLC (“TierPoint”) in connection with an offering of up to $1.06 billion of aggregate principal amount of Secured Data Center Revenue Notes, consisting of up to $225 million of aggregate principal amount of Series 2023-1 Class A-1 Secured Data Center Revenue Variable Funding Notes, $360,000,000 of aggregate principal amount of Series 2023-1 Class A-2 Secured Data Center Revenue Term Notes and $475 million aggregate principal amount of Series 2023-2 Class A-2 Secured Data Center Revenue Term Notes.
TierPoint operates data center facilities across the United States and provides colocation, connectivity and cloud services, managed services and business continuity and other services to customers.
The Simpson Thacher team included John Schueller, Kate Draper, Rachel Lerman, Siak Goh, Melissa Lewis and Jessica Ryan (Capital Markets); Jonathan Cantor, Kris Liu, Zev Klein and Michael Slomovics (Tax); Jeanne Annarumma, J. Pasco Struhs (ERISA); Dennis Loiacono, Timothy Gallagher, David Rosenberg and Clark Vaughn (Real Estate); Jonathan Pall (Collateral); Michael Isby (Environmental); and Oliver McBain (London).