TierPoint, a leading national enterprise data center company, has completed a new $550 million asset-backed securities issuance to support its continued growth and development. This brings the company's total asset-backed securities to $1.61 billion, including the new issuance and $1.06 billion issued in 2023. The funds will be used to redeem the company’s senior preferred equity, reduce overall cost of capital, and reduce outstanding balance under its variable funding notes. The move is expected to enhance TierPoint's investment grade credit profile and allow the company to meet the increasing demand for its cloud and data center solutions in current and new markets. The issuance was completed under the company's Green Finance Framework, reflecting its commitment to environmental and sustainability principles.