The Firm represented special-purpose subsidiaries of TierPoint, LLC (“TierPoint”) in connection with an offering of $550 million aggregate principal amount of Secured Data Center Revenue Notes, consisting of $125 million aggregate principal amount of Series 2024-1 Class B Secured Data Center Revenue Term Notes and $425 million aggregate principal amount of additional 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, Siak Goh, and Khalia Williams (Capital Markets); Jonathan Cantor, Kris Liu, Zev Klein and Michael Slomovics (Tax); Jeanne Annarumma and J. Pasco Struhs (ERISA); Dennis Loiacono, Jeff Shafer, Daniel Knapp and Roman Hofmann (Real Estate); Jonathan Pall (Collateral); Michael Isby (Environmental); Leah Malone and Emily Holland (ESG); and Oliver McBain (London).