Contact Information: Contact: DH Capital 212-774-3720 www.dhcapital.com
DH Capital Announces Closing of $20,000,000 Financing for SoftLayer, a Leading Provider of Global, On-Demand Virtual Data Center and Hosting Services
| Source: DH Capital, LLC
NEW YORK, NY and BOULDER, CO--(Marketwire - September 30, 2009) - DH Capital, LLC ("DH
Capital"), a leading investment banking firm serving companies in the
Communications and Internet Infrastructure sectors, announced the closing
of up to $20,000,000 in senior notes for SoftLayer Technologies, Inc.
("SoftLayer") from a private investment group. SoftLayer is a premier
provider of global, on-demand virtual data center and hosting services from
facilities across the U.S. The financing will be used to fund the continued
growth of the company.
"This investment will allow us to accelerate our growth plans and further
validates our unique approach to the hosting business," stated Lance
Crosby, CEO of SoftLayer. He continued, "It was great to work with a firm
like DH that really understands our sector and the SoftLayer difference. I
don't think a deal like this would have been possible without them."
SoftLayer has raised over $100 million in financing to date and has
delivered increasing month-over-month profitability.
"We are pleased to have been able to assist SoftLayer in securing this debt
financing. Despite the challenging credit market environment, the Company's
superior performance and business model presented a compelling opportunity
for investors," stated Peter Hopper, President of DH Capital.
DH Capital served as exclusive financial advisor to SoftLayer on the
transaction.
About SoftLayer Technologies, Inc.
Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand
virtual data center services on a global basis from facilities located in
Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all
facets of IT to innovate industry-leading solutions that are fully
automated. This empowers customers with complete control, security,
scalability, and ease-of-management for their IT environment. For more
information please visit www.softlayer.com or call 866.398.7638.
About DH Capital, LLC
DH Capital is a private investment banking partnership serving companies in
the Communications and Internet Infrastructure sectors. Headquartered in
New York with offices in Boulder, Colorado, the firm's principals have
extensive experience and proven abilities in capital formation, finance,
research, business development and operations. DH Capital provides a full
range of advisory services to companies and financial institutions
including mergers & acquisitions, private capital placements, financial
restructuring, and operational consulting. The principals of DH Capital
have led hundreds of transactions including mergers and acquisitions
totaling in excess of $10 billion, private equity placements totaling more
than $1 billion, and debt placements totaling in excess of $10 billion.
For additional information about DH Capital, please contact us at
212-774-3720 or visit our website at www.dhcapital.com.