American Internet Services has completed a $43,500,000 refinancing of its senior credit facilities with Fortress Credit Corp, an affiliate of Fortress Investment Group. AIS is a hosting, cloud, and colocation provider headquartered in San Diego, California. DH Capital served as exclusive financial advisor to AIS.
DH Capital, an investment banking firm serving companies in the Internet infrastructure, communications, and SaaS sectors, is pleased to announce it served as exclusive financial advisor to American Internet Services LLC (“AIS”) on the recently completed $43,500,000 refinancing of its senior credit facilities with Fortress Credit Corp., an affiliate of Fortress Investment Group. AIS is a premier hosting, cloud, and colocation provider headquartered in San Diego, California providing services from its facilities in that market as well as Phoenix, Arizona to companies throughout the Southwestern US.
“DH Capital was extremely helpful in this process,” said AIS CEO Tim Caulfield. “We are especially pleased with the result achieved and the effort put forth by the DH Capital team. Partnering with Fortress as our senior debt lender will provide the company with the capital necessary to continue to execute our growth plans.”
“It has been our pleasure to assist Tim and the AIS team with this refinancing. AIS’ state-of-the-art facilities and managed, cloud, and colocation services allow the company to seamlessly provide a robust package of IT services to its clients,” commented Townsend Devereux, Partner of DH Capital. “The senior credit facility from Fortress will permit AIS to continue to further build upon its existing, world-class capabilities.”
DH Capital has long served as a trusted advisor to Internet infrastructure and communications companies, providing M&A advisory and private capital placements. DH Capital maintains the largest dedicated team of professionals covering the managed hosting and data center sectors and has advised companies on 48 transactions with a combined value in excess of $4.9 billion.
Founded in 1989, AIS provides tailored data center and cloud service solutions to companies that require the best in security, compliance, connectivity, and customer service. AIS manages all aspects of IT infrastructure so that customers can focus on their core business. The company’s exclusive AIS Customer Advocacy™ service professionals have designed, implemented, and supported tailored packages for cloud, colocation, network connectivity, disaster recovery, high availability, and IT security for more than 600 enterprises worldwide. Backed by private equity firms Seaport Capital, Viridian Investments, and DuPont Capital Management, AIS operates SSAE 16-compliant, SOC 1-, 2-, and 3-audited, redundant facilities in San Diego, Los Angeles and Phoenix.
Fortress Investment Group LLC is a leading, highly diversified global investment firm with over $53 billion in assets under management as of December 31, 2012. Founded in 1998, Fortress manages assets on behalf of over 1,400 institutional clients and private investors worldwide across a range of investment strategies — private equity, credit, liquid hedge funds and traditional fixed income. Fortress is publicly traded on the New York Stock Exchange.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City 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 and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed more than 100 M&A transactions and private capital placements totaling more than $6.4 billion in value.