Argo Infrastructure Partners Strengthens Portfolio Companies with ~US$2 Billion in Multiple Strategic Financing Transactions

NEW YORK & LONDON--(BUSINESS WIRE)--Apr 30, 2025--

Argo Infrastructure Partners (“Argo”), founded by Jason Zibarras, is a leading mid-market asset manager targeting essential infrastructure assets in North America, today announced a recap of a series of strategic financings across its portfolio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429197821/en/

Across its entire portfolio of 18 high-quality infrastructure companies and projects, Argo seeks to secure appropriate financing through its extensive institutional relationships to improve liquidity, lower cost of capital and further strengthen portfolio company balance sheets to support investment and growth initiatives. Over the last 12 months Argo has demonstrated its ability to support its portfolio companies by raising debt financing across a broad range of markets, structures and asset classes at favorable rates and terms.

Through these transactions, Argo has facilitated, arranged and supported approx. US $2 billion in aggregate financing for its portfolio companies, which include regulated utilities, renewable power assets, and digital infrastructure. Argo also guided its companies through their inaugural credit ratings process and obtained investment grade ratings for their long term debt issuance. The financing structures included bridge loans, asset-backed securities (ABS) and long-term notes.

“We view prudent debt capital and restructuring as a key lever in unlocking long-term value. By securing capital structures and sources aligned with each portfolio company’s operating profile, it improves financial flexibility,” said Jason Zibarras, founder of Argo Infrastructure Partners. “Our platform-wide financing efforts have reduced volatility and enabled our portfolio companies to unlock and pursue organic and step growth opportunities.”

“Argo’s ability to source and structure bespoke financing solutions is a powerful differentiator for our portfolio companies,” said Andrew Zaroulis, Managing Director at Argo. “By leveraging our deep lender relationships, capital markets and infrastructure expertise, we’re able to unlock access to lower cost capital that wouldn’t otherwise be available.”

Select Argo Portfolio Company Financings

Q2 24 - $550m - TierPoint - www.tierpoint.com

Q3 24 - $120m - Corning Energy - www.corninggas.com/

Q3 24 - ~$250m – Hawaii Gas - https://www.hawaiigas.com/

Q4 24 - ~$300m - Smoky Mountain Hydro - https://www.tva.com/

Q2 25 - $500m - TierPoint - www.tierpoint.com

Q2 25 - >$200m - LAZ Parking - www.lazparking.com

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, and other long duration infrastructure assets. Argo’s investment philosophy couples sound investment return with responsible and sustainable investing. As of December 2024, Argo manages over $6 billion in assets on behalf of its investor partners. For more information, visit www.argoip.com.

From left: Jason Zibarras, Managing Partner, and Andrew Zaroulis, Managing Director

LOS ANGELES (AP) — Giannis Antetokounmpo blocked a shot by LeBron James and stole the ball from him on consecutive possessions in the final minute, and the Milwaukee Bucks blew a fourth-quarter lead before rallying for a 105-101 victory over the Los Angeles Lakers on Friday night.

Kevin Porter Jr. scored 22 points, and he hit two free throws to break a tie after Antetokounmpo blocked a driving layup attempt by James with 39 seconds left.

Antetokounmpo then knocked the ball out of James' hands from behind with 2 seconds left, and Porter hit two more free throws to seal Milwaukee's fifth win in seven games — its first over a team with a winning record since Dec. 11. Antetokounmpo finished with 21 points in his lowest-scoring effort since returning from his right calf strain.

Luka Doncic had 24 points and nine assists on 8-of-25 shooting for the Lakers. He had his lowest-scoring performance since Christmas, and he fouled out on Porter's 3-point attempt with 16.2 seconds to play.

James had 26 points, 10 assists and nine rebounds, but Antetokoumpo got the best of the top scorer in NBA history at crunch time. Los Angeles has lost six of 10.

Milwaukee surged to a double-digit lead in the first half even with Antetokounmpo on a minutes restriction in his injury return. Doncic scored 12 points in the third quarter but also committed four fouls in the period, including his fifth of the game.

Los Angeles abruptly erased its deficit by going on a 17-4 run to open the fourth, with James putting the Lakers ahead when he stole the ball from Antetokounmpo for a layup with 6:02 left. Milwaukee missed nine of its first 12 shots in the period, but Porter's layup tied it with two minutes left.

Lakers starters Austin Reaves and Rui Hachimura remain sidelined by injury, but Hachimura (calf) might return early next week from his six-game absence, coach JJ Redick said.

Bucks: At Denver on Sunday.

Lakers: At Sacramento on Monday.

AP NBA: https://apnews.com/NBA

Los Angeles Lakers guard Marcus Smart, left, tries to shoot as Milwaukee Bucks guard Gary Trent Jr. defends during the first half of an NBA basketball game Friday, Jan. 9, 2026, in Los Angeles. (AP Photo/Mark J. Terrill)

Los Angeles Lakers guard Luka Doncic, left, and Milwaukee Bucks guard Kevin Porter Jr. go after a loose ball during the first half of an NBA basketball game Friday, Jan. 9, 2026, in Los Angeles. (AP Photo/Mark J. Terrill)