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GLOBIX AND HICKS, MUSE, TATE & FURST COMPLETE $80 MILLION INVESTMENT TRANSACTION
NEW YORK and DALLAS — December 3, 1999 — Globix Corporation (NASDAQ:
GBIX) today announced that it has successfully completed the previously announced sale of a
new Series A Convertible Preferred Stock to Hicks, Muse, Tate & Furst Incorporated for $80 million.
Terms of the Series A Convertible Preferred Stock include a dividend of 7.5% payable quarterly
in cash or additional Series A Preferred Stock at the option of Globix. The Preferred stock
is convertible into Globix Common Stock at $40 per share. There is a five-year non-call provision
with mandatory redemption in 2014.
About Hicks, Muse, Tate & Furst
Since its formation in 1989, Hicks, Muse, Tate & Furst Incorporated has
completed or currently has pending more than 300 transactions with a total
capital value in excess of $37 billion. Headquartered in Dallas, the firm
also has offices in New York, London, Mexico City and Buenos Aires.
About Globix
Globix Corporation is a leading provider of Internet connectivity and advanced
Internet services for businesses in the United States and Europe. Through its
high-speed, fault-tolerant, fiber-optic network and state-of-the-art Internet
Data Centers in New York City, Santa Clara, CA and London, UK, Globix
delivers superior reliability, security and performance to companies using the
Internet to deploy mission-critical business strategies. Cutting-edge applications
include Co-Location, Web Hosting, Dedicated Access, Streaming Media, E-Commerce
and Internet Security. Globix currently has points of presence at 18
Internet exchange points with 550 peering connections.
This press release contains forward-looking statements. Actual
results could differ materially from those projected in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those in the forward-looking statements is contained under the
heading of Risk Factors listed from time to time in the Company’s
filings with the Securities and Exchange Commission.
Contacts:
Globix Corporation
Charles Strauzer
VP – Corporate Finance
212-625-7327
[email protected]
Hicks, Muse, Tate & Furst
Roy Winnick or Mark Semer
Kekst and Company
212-521-4842 or 4802
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