Globix Announces Proposed $250 Million Private Offering of Senior Notes
NEW YORK – January 12, 2000
Globix Corporation (NASDAQ:GBIX) today announced that it intends, subject to market and other conditions, to raise $250 million gross proceeds through a private offering of senior notes. The notes will be offered within the United States only to qualified institutional buyers and, outside the United States, only to non-U.S. investors. Globix stated that it intends to use the net proceeds of the senior note offering primarily to expand its facilities and network, including adding SuperPOPs and backbone capacity. The senior notes will have a ten-year term and interest will be paid semi-annually in cash. 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.
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.