DH Capital Announces $10,000,000 Increase in Financing for SoftLayer®, a Leading Provider of Global, On-Demand Virtual Data Center and Hosting Services | SoftLayer
Summary
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. "This increased investment allows us to continue our momentum and accelerate our 2010 growth plans," stated Lance Crosby, CEO of SoftLayer. SoftLayer has raised over $100 million in financing to date and has delivered increasing month-over-month profitability.
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