TierPoint Parent Closes Upsized $250 Million Term Loan
Net proceeds will be used to fund a portion of data center expansions and other growth-related capital expenditures; buy out leases at selected data centers; refresh capital drawn under the VFN; and redeem in full the Series B preferred equity.
'Our ability to continue successfully accessing the capital markets is a testament to the work of our world-class employees and the sustained growth that our company is delivering,' said TierPoint President and CFO Mary Meduski. 'That growth is fueled by robust market demand for our IT infrastructure solutions, including our market-leading colocation services for both enterprise and artificial intelligence workloads. This term loan positions us to continue capitalizing on that demand and serving our customers with excellence.'
'There is a clear market signal in the sustained improvement in financing terms and pricing that the company has attracted over time, now coupled with a flexible and sophisticated capital construct that sets TierPoint on a path to consolidate its unique advantages,' said Jason Zibarras, TierPoint Board Director and Managing Partner of Argo Infrastructure Partners, TierPoint's majority shareholder.
Brice Soucy, Argo Director at TierPoint, added, 'This partnership with Apterra and our ability to attract a new group of lenders is key to supporting the next stage of TierPoint's growth during this period of accelerating market demand for TierPoint's infrastructure and capabilities.'
Apterra Co-CEOs Michael Pantelogianis and Ralph Cho said, 'We are pleased to have led this term loan. The impressive investor demand reflects TierPoint's strong credit profile and robust business model.'
Apterra Infrastructure Capital acted as lead arranger, sole bookrunner, and administrative agent for the transaction. CSC Delaware Trust Company is the collateral agent and depositary bank. Bank Street Group LLC and Seyfarth Shaw LLP served as advisor and counsel, respectively, to TierPoint's parent company. Milbank LLP served as counsel to Apterra. Perkins Coie served as counsel to CSC Delaware Trust.
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 provides 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.
About Argo Infrastructure Partners
Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, transportation assets and other long-duration infrastructure assets. Argo's investment philosophy couples sound investment return with responsible and sustainable investing. As of June 2025, Argo manages over $6.4 billion in assets on behalf of its investor partners. For more information, visit www.argoip.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
22 minutes ago
- Business Wire
Continuous Protection for the Cloud Era: Veracode Spotlights Latest Innovations for Advanced Software Security
BURLINGTON, Mass.--(BUSINESS WIRE)--Veracode, a global leader in application risk management, today unveiled a suite of innovations that transform how enterprises approach security. The enhanced platform cuts vulnerability remediation time by up to 92 percent, while using proactive defense to prevent 60 percent of critical supply chain risk from ever entering organizations. These latest enhancements to Veracode's Package Firewall and Risk Manager provide assurance, context, and continuity across the software development lifecycle. Security teams are drowning in vulnerability alerts while missing the risks that actually matter. With our latest innovations, instead of endless firefighting, teams can now prevent threats proactively and focus remediation efforts on maximum impact. Share 'Security teams tell us they're drowning in vulnerability alerts while missing the risks that actually matter. Our latest innovations flip the script—instead of endless firefighting, teams can now prevent threats proactively and focus remediation efforts where they'll have maximum business impact,' said Derek Maki, Head of Product at Veracode. Redefining Application Risk Management with End-to-End Risk Visibility The latest enhancements to Veracode's Application Risk Management platform enable security teams to identify and remediate vulnerabilities with greater speed and precision than ever before. Veracode Risk Manager sets a new standard for application security posture management (ASPM), featuring six new integrations with industry leaders, including Wiz. By aggregating and prioritizing issues across all sources, Risk Manager reduces vulnerability remediation time by up to 92 percent. This holistic view empowers security teams to act on the Best Next Action™—the actions that reduce the most risk—with precision. Securing the Software Supply Chain With 70 percent of critical security debt stemming from third-party code, enterprises are under unprecedented pressure to safeguard their software supply chains. Regulations like the European Union's Digital Operational Resilience Act (DORA) highlight the vital role of open-source security in maintaining software supply chain integrity. Veracode Package Firewall redefines supply chain security with an automated solution that blocks untrusted packages, before they can infiltrate development pipelines. Powered by advanced AI analysis, Package Firewall identifies and blocks 60 percent more malicious packages than competing solutions, effectively preventing vulnerabilities, malware, and policy violations from entering organizational systems. Paired with Software Composition Analysis (SCA) and Malicious Package Detection, Veracode Package Firewall significantly reduces the risk of supply chain attacks by finding and neutralizing libraries harboring malicious code. 'Veracode Package Firewall represents a fundamental shift in how we think about supply chain security. While others are still alerting malicious packages after they're in your codebase, we're blocking them at the gate. This means security teams can finally get ahead of supply chain threats instead of scrambling to respond when legitimate packages get compromised or malicious packages slip through,' said Maki. Built on proprietary threat intelligence, the product automates real-time risk management to ensure nefarious files and programs never make it into an organization's codebase. Empowering Developer Productivity with Frictionless Security According to Gartner, Inc., organizations with a high-quality developer experience are 33 percent more likely to attain their business goals and 31 percent more likely to improve delivery flow. Veracode continues to champion developer productivity through an enhanced platform experience, featuring improved Integrated Developer Environment (IDE) plugins and new Git integrations that embed enterprise-level security directly into workflows. 'Developer productivity isn't just a nice-to-have; it directly impacts your ability to ship secure software at market speed. Our IDE integrations deliver enterprise-grade security insights without the context switching that kills developer flow. This is why we're seeing 35 percent faster remediation times with our IDE plugins and integrations, including Visual Studio, IntelliJ IDEA, and Eclipse, as well as GitHub, GitLab, and Azure DevOps,' said Maki. Veracode's latest developer-focused innovations eliminate operational inefficiencies and simplify workflows, removing unnecessary complexity from day-to-day DevSecOps processes. Additional innovations include: AI-Assisted Login for Dynamic Application Security Testing (DAST): Automates complex authentication flows, reducing script setup time by 50 percent and expanding dynamic testing coverage. Automates complex authentication flows, reducing script setup time by 50 percent and expanding dynamic testing coverage. Container and Infrastructure-as-Code (IaC) Results: Centralizes container and IaC findings in the Veracode Platform, streamlining vulnerability management. Centralizes container and IaC findings in the Veracode Platform, streamlining vulnerability management. Veracode Fix Usage Analytics: Provides a dashboard that tracks usage and Common Weakness Enumerations (CWEs) addressed, offering insights by IDE, project, and source file to optimize remediation. Availability Veracode's latest product innovations are available to customers today. To find out more about the company's application risk management platform and solutions, visit the website. About Veracode Veracode is a global leader in Application Risk Management for the AI era. Powered by trillions of lines of code scans and a proprietary AI-assisted remediation engine, the Veracode platform is trusted by organizations worldwide to build and maintain secure software from code creation to cloud deployment. Thousands of the world's leading development and security teams use Veracode every second of every day to get accurate, actionable visibility of exploitable risk, achieve real-time vulnerability remediation, and reduce their security debt at scale. Veracode is a multi-award-winning company offering capabilities to secure the entire software development life cycle, including Veracode Fix, Static Analysis, Dynamic Analysis, Software Composition Analysis, Container Security, Application Security Posture Management, Malicious Package Detection, and Penetration Testing. Learn more at on the Veracode blog, and on LinkedIn and X. Copyright © 2025 Veracode, Inc. All rights reserved. Veracode is a registered trademark of Veracode, Inc. in the United States and may be registered in certain other jurisdictions. All other product names, brands, or logos belong to their respective holders. All other trademarks cited herein are property of their respective owners.
Business Wire
22 minutes ago
- Business Wire
ISG Names GTT a Leader for SASE and Managed SD-WAN in U.S. and U.K.
ARLINGTON, Va.--(BUSINESS WIRE)-- GTT Communications Inc., a leading networking and security as a service provider for multinational organizations, announced it has been named a Secure Service Access Edge (SASE) and Managed SD-WAN Leader in the United States and in the United Kingdom by the Information Services Group (ISG), a leading technology research and market intelligence advisory firm. 'Leaders,' as recognized by ISG, stand out for their comprehensive product and managed service offerings, strength in innovation and market competitiveness. GTT delivers powerful and advanced SASE and SSE solutions with vendor-agnostic, client-specific delivery supported by its Envision platform. Customers benefit from GTT's customized managed SD-WAN services and its global Tier 1 backbone. The 2025 ISG Provider Lens™ Network – Software-Defined Solutions and Services reports provide a detailed analysis of the markets for managed SD-WAN services, SD-networks transformation services, SASE and edge technologies and services, assessing over 150 U.S. providers and 40 U.K. providers. ISG offers strategic insights for technology and procurement leaders evaluating security and networking investments, including how providers support the shift to comprehensive SASE frameworks. The reports also assess managed SD-WAN offerings, with a focus on flexible solution management and modern contracts. In addition to the 'Leader' recognition in the U.S. and U.K. Quadrants for Managed SD-WAN and SASE, GTT has been named a ''Rising Star' in the SD-Networks Transformation Services category in both regions for its advisory, consulting and implementation services. 'Aligned with the shift towards Zero Trust, our research across the U.S. and U.K. shows rising demand for integrated security solutions that protect the entire enterprise network infrastructure,' said Dr. Kenn D. Walters, Lead Analyst, ISG. 'GTT delivers powerful and advanced SASE and SSE solutions with vendor-agnostic, client-specific delivery supported by its Envision platform. Customers benefit from GTT's customized managed SD-WAN services and its global Tier 1 backbone that ensures secure, high-performance connectivity from core to edge. GTT's leading advisory professionals further support a fully comprehensive range of customer requirements.' ISG highlights GTT's flexible, technology-agnostic SASE and SD-WAN solutions, powered by the GTT Envision platform that enables seamless network connection, orchestration, virtualization and automation. The firm notes that EnvisionDX, a digital gateway, delivers control for enhanced application performance and streamlined network policy management. ISG further highlights GTT's observability-driven governance, which helps enterprises leverage telemetry and AI-driven insights to identify optimization opportunities across legacy and modernized infrastructure. 'GTT is proud to be recognized by ISG for our ability to help CIOs standardize or diversify their architectures without sacrificing feature parity, visibility or policy control,' said Tom Major, Senior Vice President Product Management and Technology, GTT. 'With our global network reach and tightly integrated security, networking and cloud advisory services, we work with our customers to drive business success and deliver greater technology together.' Read the ISG reports to see the full analysis. About GTT GTT is a leading networking and security-as-a-service provider for multinational organizations, connecting people and machines to data and applications — anywhere in the world. We serve thousands of organizations, bringing together the right people, partners and technology to reduce the burden on IT teams and solve the most pressing networking and security challenges. Built on our top-ranked global Tier 1 network, the GTT Envision platform provides visibility, insights, orchestration and control, enabling customers with consumable solutions to achieve business missions and meet ongoing demand when, where and how needed. Our portfolio includes SASE, SD-WAN, security, internet, voice and other connectivity options, complemented by a suite of professional services and exceptional sales and support teams in local markets around the globe. We partner with our customers to deliver Greater Technology Together. Press releases can be downloaded from Follow us on LinkedIn, X, Facebook and YouTube.
Business Wire
22 minutes ago
- Business Wire
Hippocratic AI Achieves HITRUST e1 Certification for Full Agentic Platform
PALO ALTO, Calif.--(BUSINESS WIRE)--Hippocratic AI, the global leader and pioneer in safety-focused generative AI agents for healthcare, today announced it has successfully attained HITRUST e1 Certification, covering the company's full agentic platform. This achievement underscores Hippocratic AI's unwavering dedication to security, safety, and privacy as it serves healthcare providers, payors, government agencies/departments, and pharmaceutical organizations. By meeting the stringent requirements of HITRUST's respected framework, the company reinforces the trustworthiness and reliability of its platform for sensitive healthcare applications. What HITRUST e1 Certification Means Achieving HITRUST certification is widely regarded as a gold standard for healthcare cybersecurity, demonstrating an organization's commitment to safeguarding protected health information (PHI). The HITRUST e1 Certification, known as the 'HITRUST Essentials, 1-Year' assessment, encompasses the 44 most critical security controls and provides a one-year validated certification. Achieving the certification means Hippocratic AI has implemented foundational cybersecurity practices and had them independently validated, offering assurance that robust data protection measures are in place. For a company like Hippocratic AI, which deploys AI solutions in highly regulated healthcare settings, this milestone signals to clients and partners that its platform meets rigorous industry-defined security and compliance standards. Hippocratic AI has ingrained a culture of safety from day one. Every team member takes a 'Do No Harm' oath upon joining, pledging to prioritize the safety of the company's products above all else. This philosophy is reflected in how the platform is built and operated, embedding strong safeguards for patient privacy and data security at every level. 'Security and patient safety have always been top priorities for Hippocratic AI, and attaining HITRUST certification validates that commitment,' said Matt Honea, Chief Information Security Officer at Hippocratic AI. 'As we empower healthcare organizations with our AI platform, this certification assures them that we uphold the highest industry standards for protecting sensitive data and maintaining their trust.' 'The HITRUST e1 Validated Assessment is a good tool for cyber-aware organizations like Hippocratic AI that want to build assurances and progressively demonstrate due diligence around information security and privacy,' said Robert Booker, Chief Strategy Officer at HITRUST. 'We applaud Hippocratic AI for their commitment to cybersecurity and successful completion of their HITRUST e1 Certification.' The HITRUST certification comes as Hippocratic AI continues to innovate with a safety-first approach to generative AI in healthcare. The company provides specialized generative AI agents that perform non-diagnostic, patient-facing outreach, allowing healthcare teams to extend care with greater efficiency and empathy. Hippocratic AI's proprietary Polaris constellation architecture has demonstrated high clinical accuracy and has powered over 2.5 million patient calls, while achieving a high patient satisfaction rate of 8.95/10. By coupling such advanced capabilities with rigorous security controls and oversight, Hippocratic AI ensures that healthcare institutions can confidently integrate its AI solutions into sensitive clinical workflows without compromising on safety, patient experience or privacy. This newly earned HITRUST certification serves as a validation of that approach and a foundation for the company's ongoing efforts to maintain the highest levels of trust and reliability in healthcare AI deployment. About Hippocratic AI Hippocratic AI has developed a safety-focused Large Language Model (LLM) for healthcare. The company believes that a safe LLM can dramatically improve healthcare accessibility and health outcomes in the world by bringing deep healthcare expertise to every human. No other technology has the potential to have this level of global impact on health. The company was co-founded by CEO Munjal Shah, alongside a group of physicians, hospital administrators, healthcare professionals, and artificial intelligence researchers from El Camino Health, Johns Hopkins, Stanford, Microsoft, Google, and NVIDIA. Hippocratic AI has received a total of $278 million in funding and is backed by leading investors, including Andreessen Horowitz, General Catalyst, Kleiner Perkins, NVIDIA's NVentures, Premji Invest, SV Angel, and six health systems. For more information on Hippocratic AI, visit
