San Diego-based AIS (American Internet Services), a provider of data center and cloud service solutions, reports 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 Fortress Investment Group managing director. "AIS is a recognized regional leader in tailored data center and cloud service 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," said Tim Caulfield, AIS CEO. "We look forward to working with Fortress, a knowledgeable and experienced lender to the Internet infrastructure sector."
DH Capital LLC served as adviser to AIS on the financing. DH Capital is a private investment banking partnership with expertise in the Internet infrastructure and telecommunications sectors.
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