100 MW Data Center Expansion Targeted for Completion in Second Half of 2026Financing Transaction Raises Total Asset-Backed Securities to Nearly $2 Billion

ST. LOUIS, Oct. 23, 2025 (GLOBE NEWSWIRE) -- TierPoint, a leading, national enterprise data center company and provider of secure, connected IT platform solutions that power digital transformation initiatives, today announced the completion of a new $240 million asset-backed securities issuance and the acquisition of its largest, formerly leased data center, along with the Eastern Pennsylvania campus on which that data center is located.

On the acquired 137-acre campus, commonly known as TekPark, TierPoint has started a 100-Megawatt (MW) power expansion that it expects to complete in the second half of 2026. TierPoint clients at TekPark include large, technology service providers that are using advanced cooling solutions in support of artificial intelligence (AI) and other compute-intensive, GPU-accelerated workloads.

Across the current and three prior financing transactions (in 2023, 2024, and earlier this year), TierPoint, through a wholly owned subsidiary, has now issued a total of $1.99 billion in asset-backed securities (ABS) on a portfolio of 33 data centers. Like prior transactions, the new term notes were issued under the company's Green Finance Framework, demonstrating TierPoint's ongoing commitment to operating in accordance with ...