InfraCompute / Deals
TierPoint Issuer 2025-1
Data centre ABS for TierPoint, US$500m, 20 March 2025.
Key terms
- Borrower or issuer
- TierPoint
- Date
- 20 March 2025
- Structure
- Data centre ABS
- Amount
- US$500m
- Pricing
- 6.15%Class coupons from SEC Form N-PORT fund holding reports
- Tenor
- Legal final Apr 2055 (SEC N-PORT)
Recorded terms
- Lender type
- Bonds and securitisationsStructure: securitisation
- Tenor
- Legal final Apr 2055 (SEC N-PORT)
- Security
- KBRA: The Notes are secured by 33 data centres generating approximately $471.5 million of Total Annualised Monthly Recurring Revenue (AMRR) and approximately $237.4 million of Annualised Adjusted Net Operating Income (AANOI) as of November 30, 2024 (the Statistical Disclosure Date). This includes the fee simple ownership interests in 10 multi-customer enterprise data centres (29.5% of AMRR or 35.0% of AANOI) located in eight markets and leasehold interests in 23 multi customer enterprise data centres (70.5% of AMRR or 65.0% of AANOI) located in 16 markets. The 33 data centres are comprised of approx remaining contract term of 1.9 years.
- Lenders and arrangers
- Structuring agent: Guggenheim Securities, LLC
Parties
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Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 1
- Governing law
- Not stated in the filed text
- Quoted in the clause and contract libraries
- 0
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Form ABS-15G Ex 99.1 (agreed-upon procedures / due diligence report) | 20 March 2025 | – | – |
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Sources
- TierPoint Issuer 2025-1Source date: 20 March 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
