Refinancing for AIS Completed

By Marc Castro

Apr 15, 2013 10:53 AM EDT

DH Capital was pleased to announce that American Internet Services LLC (AIS) was able to obtain an amount of $43,500,000 refinancing of its senior credit facilities with the assistance of Fortress Investment Corp and Fortress Credit Corp.

DH Capital, an investment banking firm serving companies in the SaaS Sector, communications and internet infrastructure, acted as the exclusive financial advisor of  AIS in this dealing.

Tim Caulfield, AIS CEO says "DH Capital was extremely helpful in this process. 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." Partner of DH Capital, Townsend Devereux, commented "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 co-location services allow the company to seamlessly provide a robust package of IT services to its clients. The senior credit facility from Fortress will permit AIS to continue to further build upon its existing, world-class capabilities."

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics