DH Capital Announces $10,000,000 Increase In Financing For SoftLayer, A Leading Provider Of Global, On-Demand Virtual Data Center And Hosting Services; Total Availability Now $30,000,000
New York, NY and Boulder, CO – March 25, 2010 – DH Capital, LLC (“DH Capital”), a leading investment banking firm serving companies in the Communications and Internet Infrastructure sectors, announced a $10,000,000 increase in total funds available under its senior notes facility in favor of SoftLayer Technologies, Inc. (“SoftLayer”). Additional commitments from a group of private investors organized by DH Capital increased total availability under this financing arrangement, which was originally established in September 2009, to $30,000,000. 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 company’s continued growth.
“This increased investment allows us to continue our momentum and accelerate our 2010 growth plans,” stated Lance Crosby, CEO of SoftLayer. He continued, “We are very pleased by the continued support of our investors, their confidence in our approach to hosting and DH Capital’s ability to tell our story.”
SoftLayer has raised over $100 million in financing to date and has delivered increasing month-over-month profitability.
“Once again, we are very pleased to have been able to assist SoftLayer in securing this additional debt financing. The increased financing is further evidence of the Company’s superior performance and business model and investors’ confidence in the management team,” stated Dean Mann, Managing Director 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.