Simpson Thacher represented special-purpose subsidiaries of TierPoint, LLC (“TierPoint”) in connection with an offering of $500 million aggregate principal amount of Secured Data Center Revenue Notes, consisting of $245 million aggregate principal amount of Series 2025-1 Class A-2 Secured Data Center Revenue Term Notes, $15 million aggregate principal amount of Series 2025-1 Class B Secured Date Center Revenue Term Notes and $240 million aggregate principal amount of additional Series 2025-2 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, Nate Yang, Andres Cruz and (Capital Markets); Jonathan Cantor, Kris Liu, and Michael Slomovics (Tax); Jeanne Annarumma and J. Pasco Struhs (ERISA); Dennis Loiacono and Helene Marie Snyder (Real Estate); Jonathan Pall (Collateral); and Michael Isby (Environmental).