Globix Announces Pricing of New 12.5% Senior Notes Due 2010
NEW YORK – January 28, 2000
Globix Corporation (NASDAQ:GBIX) today announced that it has entered into an agreement to sell $600 million of 12.5% Senior Notes due 2010 in a private placement to a group of initial purchasers. The offering will be made within the United States to qualified institutional buyers and outside the United States to non-U.S. investors.
The Company stated that it intends to use the proceeds of the offering to purchase any and all of its 13% Senior Notes due 2005, for further expansion of the Company’s data centers and network infrastructure and for other general corporate purposes.
The new Senior Notes to be offered have not been registered under the Securities Act of 1933, as amended, 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 any 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.