Daily News: March 22, 2013

Fortress Leads Refinancing of American Internet Services


American Internet Services (AIS) announced that Fortress Credit, an affiliate of Fortress Investment Group, 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.”

“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,” Tim Caulfield, CEO at AIS, said. “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.

Fortress Investment Group is a global investment firm that manages assets on behalf of over 1,400 institutional clients and private investors worldwide.

AIS provides tailored data center and cloud service solutions to companies that require security, compliance, connectivity and customer service.