Argo, Wafra and Macquarie Lead $320M Preferred Equity Investment in TierPoint

March 24, 2020

TierPoint agreed to receive $320 million of preferred equity led by Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance, with participation from existing investors including Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners. Net proceeds will repay second-lien debt, reduce the revolving credit facility balance, and provide growth capital to fund TierPoint's continued expansion of its data-center and hybrid cloud services.

Buyers
Argo Infrastructure Partners, Wafra, Macquarie Capital Principal Finance, Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, Thompson Street Capital Partners
Targets
TierPoint
Industry
Infrastructure
Location
Missouri, United States
Transaction Type
Growth capital

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