Jun 29, 2023 | Posted by Abdul-Rahman Oladimeji | TierPoint
TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...
Aug 05, 2022 | Posted by MadalineDunn | TierPoint
TierPoint has announced that its St. Louis data center in Missouri, which was announced back in September 2021, is complete. The facility, spanning 23,000 sqft (2,100 sqm), is a Tier III-quality facility that offers 14,500 sq ft (1,350 sqm) of production or raised floor space.The facility saw...
Mar 25, 2022 | Posted by Abdul-Rahman Oladimeji | South Dakota
SDN Communications has announced that it is expanding its data center located at Sioux Falls, South Dakota. The US broadband provider will add a 25,000 square foot (2,320 square meter) pod to the existing structure. This will increase the total space to 50,000 square feet. According to SDN, th...
Mar 02, 2022 | Posted by Abdul-Rahman Oladimeji | TierPoint
TierPoint has announced that Argo Infrastructure Partners has invested $500 million into its business. The move sees Argo Infrastructure Partners become the largest single equity investor in the firm. TierPoint will use the net proceeds from the transaction to expand the company and provide...
Sep 10, 2021 | Posted by Abdul-Rahman Oladimeji | TierPoint
TierPoint has announced that it is expanding in Missouri by investing $20 million into building a 23,000 square feet Tier III data center in the St. Louis region. The data center firm already has three facilities in Missouri; two in St. Louis and one in Kansas City. TierPoint has also secur...
Jun 25, 2021 | Posted by Abdul-Rahman Oladimeji | South Dakota
Dakota State University (DSU) has requested $6 million and $1.8 million to replace its existing data center and IT hardware, respectively. The request was made during a meeting between South Dakota’s public university system and its governing body. DSU asked for funds to replace its existing d...
Mar 24, 2020 | Posted by Eric Bell | TierPoint
ST. LOUIS – TierPoint, a leading provider of secure, connected data center and cloud solutions at the edge of the internet, announced it has reached an agreement that will result in new, preferred equity investments totaling $320 million, which the company expects to be closed and funded by m...
Oct 16, 2018 | Posted by Eric Bell | TierPoint