Globix Selects Credit Suisse First Boston as its Financial Advisor
NEW YORK – September 7, 2001
Globix Corporation (NASDAQ: GBIX) announced today that it has selected Credit Suisse First Boston (CSFB) to engage in advisory services as it explores financing options aimed at further strengthening the company’s financial profile.Globix selected CSFB to be the lead banking institution because of CSFB’s long-standing relationship with Globix as well as its expertise and knowledge of the Internet and telecommunications services markets.
“CSFB is a world-class investment bank with some of the most accomplished people in the industry, and therefore they’re ideally suited to advise Globix on the financing alternatives being presented to us, and on the best method by which to execute the option we choose to pursue,” said Marc H. Bell, Chairman of Globix.
“CSFB understands our business, as well as the significant opportunity ahead for Globix as we expand our leadership position in the outsourced hosting, network and managed services markets. The CSFB team is well equipped to provide Globix the banking services we require, and to communicate our strategy to investors,” added Peter Herzig, CEO of 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.