Daily News: August 9, 2013

Cerberus, Goldman BDC Lead Highwinds Recap

Highwinds announced it has closed a new $205 million debt financing transaction with Cerberus Business Finance and Goldman Sachs BDC, an investment fund managed by Goldman Sachs Asset Management, including follow-on investment from General Catalyst Partners serving as private equity sponsor.

This significant infusion of new capital is among the largest single transactions ever closed by a content delivery network (CDN) provider. It has resulted in the recapitalization of the business, and it positions Highwinds for aggressive growth through both organic and M&A investment opportunities, including further expansion of its global content delivery platform.