Business Description:
Terremark Worldwide, a publicly traded company (NASDAQ:TMRK), operates integrated tier-1 internet exchanges and provides managed information technology infrastructure solutions worldwide. It offers managed services, managed hosting, co-location, disaster recovery, cloud computing and network and connectivity services to enterprise, government, interactive entertainment, internet infrastructure, carrier and channel customers.
Falcon Solution:
Falcon’s capital structure solution provided Terremark with the capital
it needed to purchase its existing facility and allowed the company
to take advantage of strong industry fundamentals. Falcon invested
in senior secured notes with four tranches of warrants and also
purchased common stock.
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Industry:
Internet infrastructure
Sponsor:
Company
Securities:
Senior secured notes with warrants and common equity
Financing Challenge:
Rapidly growing company requiring capital for expansion
Exit Date:
Falcon’s senior secured notes were refinanced in August 2007
Company Website:
http://www.terremark.com
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