TierPoint to launch $676 million term loan on Wednesday afternoon

By Sara Rosenberg

New York, Feb. 16 – TierPoint LLC will hold a lender call at 2 p.m. ET on Wednesday to launch a $676 million term loan due May 2026, according to a market source.

RBC Capital Markets is the lead on the deal.

Proceeds will be used to amend, extend and reprice an existing term loan due May 2024 that is priced at Libor plus 375 basis points with a 1% Libor floor.

Consents are due at noon ET on Feb. 26, the source added.

TierPoint is a St. Louis-based provider of hybrid IT solutions.

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