Latest news with #Apterra
Business Wire
14-07-2025
- Business
- Business Wire
TierPoint Parent Closes Upsized $250 Million Term Loan
ST. LOUIS--(BUSINESS WIRE)--The parent company of TierPoint – a leading, national enterprise data center company and provider of secure, connected IT platform solutions – today announced the closing of a $250 million term loan, a portion of which is a delayed draw term loan. Upsized due to strong investor interest, this facility complements TierPoint's asset-backed securitization (ABS) and variable funding notes (VFN) program. 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 ( 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
Yahoo
10-06-2025
- Business
- Yahoo
Apterra Infrastructure Capital Names John Pugh as Chief Risk Officer
NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Apterra Infrastructure Capital LLC ('Apterra'), a leading infrastructure finance platform and affiliate of Apollo, today announced that John Pugh has joined as its Chief Risk Officer. Pugh brings to Apterra more than 25 years of experience in project finance, with investing experience in energy and infrastructure, and will report to Co-CEOs Ralph Cho and Michael Pantelogianis. Ralph Cho and Michael Pantelogianis, Co-CEOs of Apterra, stated: 'We are thrilled to welcome John to the Apterra team. He brings extensive risk management and infrastructure experience that will be invaluable as we continue to expand the Apterra franchise, reinforcing our position as an innovator in infrastructure financing. As we scale our operations and strengthen our leadership roster, we remain committed to shaping Apterra into the premier provider of flexible, forward-thinking financial solutions for the infrastructure sector.' John Pugh, Chief Risk Officer of Apterra, said: 'I am excited to join Apterra's highly skilled team as the company continues to scale, helping to address the substantial capital needs of next-generation energy and infrastructure projects. Apterra, backed by outstanding institutional partners, has built a reputation as a leading provider of innovative infrastructure finance solutions.' Since inception in 2023, Apterra has executed approximately $8 billion of infrastructure transactions globally and continues to grow its team of professionals in North America, Western Europe and Asia. Prior to joining Apterra, Pugh was Chief Risk Officer at GE Vernova Financial Services. He spent most of his career in GE's Energy Financial Services business, where he held several leadership positions, including serving as Chief Operating Officer and Head of Oil & Gas Infrastructure portfolio. He earned an MBA in Finance from Columbia Business School and a BS in Finance from Montana State University. About Apterra Apterra, an affiliate of Apollo Global Management, is a premier platform specializing in innovative financing solutions for infrastructure projects. Our tailored capital services empower clients, including financial sponsors and developers, to optimize assets and achieve sustainable growth. Fuelled by strong relationships, our distribution network ensures seamless access to capital through partnerships with banks, investors, and asset managers. We are focused on driving growth and operational integrity in the infrastructure sector, while creating enduring value for our clients. Visit to learn more. Contacthttps:// in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
