TierPoint’s parent company secured a $250 million term loan to expand its IT infrastructure and meet growing demand from enterprise and AI-heavy clients. The financing package, with a delayed draw option, was upsized due to investor interest as TierPoint aims to double down on growth by building more data center capacity and paying down obligations. Jason Zibarras, TierPoint Board Director, sees this as a positive step towards consolidating the company’s unique advantages.

Read more at Yahoo Finance: Jason Zibarras on TierPoint’s Growth-Fueled $250M Financing