SoftLayer Receives $20M in Debt Financing
Summary
DH Capital, LLC, an investment banking firm serving companies in the Communications and Internet Infrastructure sectors, announced the closing of up to $20m in senior notes for SoftLayer Technologies, Inc. from a private investment group.Peter Hopper, President of DH Capital, which served as exclusive financial advisor to SoftLayer on the transaction, said: “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”.Plano, Texas-based SoftLayer is a global provider of on-demand virtual data center and hosting services from facilities located in Dallas, TX, Seattle, WA, and Washington, DC.The funds will be used to finance the growth of the company as stated by Lance Crosby, CEO of Plano, Texas-based SoftLayer, who said: “This investment will allow us to accelerate our growth plans and further validates our unique approach to the hosting business”.
Funding
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