Transaction leverages historically low interest rates and provides capital for continued growth
SAN DIEGO, CA — (March 21, 2013) – AIS (American Internet Services), a leader in tailored data center and cloud service solutions, announced that Fortress Credit Corp., an affiliate of Fortress Investment Group, has provided the company a $43.5 million senior secured credit facility. Terms of the transaction were not disclosed.
“This financing illustrates Fortress’s continuing support for middle market companies in the data center and cloud service sector,” said Ken Sands, a Managing Director of the Credit Funds, Fortress Investment Group. “AIS is a recognized regional leader in tailored data center and cloud service solutions and we are pleased to have arranged this financing that will support their future growth.”
Tim Caulfield, Chief Executive Officer at AIS, said, “Refinancing AIS’ debt enables us to take advantage of historically low interest rates while providing resources for additional investment in new products and services, continuing our market expansion, and meeting the developing needs of our customers.” Caulfield continued, “We look forward to working with Fortress, a knowledgeable and experienced lender to the internet infrastructure sector.”
DH Capital, LLC served as advisor to AIS on the financing. DH Capital is a private investment banking partnership combining industry expertise in Internet infrastructure, telecommunications, and SaaS with proven execution in M&A and capital placements.
About Fortress
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 (NYSE: FIG). For additional information, please visit www.fortress.com
About AIS (American Internet Services)
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, managed storage, and managed security for more than 500 enterprises worldwide. Founded in 1989 and 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. For more information, visit aisdevsite.propelmg.com or call us at 1-866-971-2656.
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Media Contact:
Brian Wood, VP Marketing, AIS
(858) 576-4272 x110
bwood@aisdevsite.propelmg.com
