Globix Announces Closing of $600 Million 12.5% Senior Notes Offering

NEW YORK – February 8, 2000

Globix Corporation (NASDAQ:GBIX) today announced that it has closed its offering of $600 million principal amount, 12.5% Senior Notes due 2010. As previously announced, the proceeds of this offering will be used to purchase any and all of the Company’s 13% Senior Notes due 2005 under the terms of a tender offer launched today. The proceeds will also be used to further expand the Company’s data centers and network infrastructure and for general corporate purposes.

The securities to be offered have not been registered under the Securities Act of 1933, as amended (the ‘Securities Act’), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

About Globix

Globix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.

This press release contains forward-looking statements relating to the Company’s or management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially FROM those projected in the forward-looking statements. These risks, assumptions and uncertainties include the ability to finance the operations and complete the planned expansion of our facilities and network; our reliance on the growth of the Internet and e-commerce; our success against competitors with significantly greater resources; and other risks listed under the heading of Risk Factors in the Company’s filings with the Securities and Exchange Commission.