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Press Releases
SOURCE: DH Capital, LLC
DH CAPITAL ANNOUNCES CLOSING OF $20,000,000 FINANCING FOR SOFTLAYER, A
LEADING PROVIDER OF GLOBAL, ON-DEMAND VIRTUAL DATA CENTER AND HOSTING
SERVICES
PRESS RELEASE
NEW YORK, NY & BOULDER, CO — 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.
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