ATC Represents Highwinds Capital In New $50 Million Credit Facility   Leave a comment

May, 2011 Brad Carr and Kathleen Hart of Andersen, Tate & Carr, P.C. represented Highwinds Capital, Inc. in securing a new $50 million credit facility with Silicon Valley Bank and Comerica Bank. Highwinds is a leading provider of content delivery (CDN), network and IP services. 

 According to a press release regarding the transaction, Dale Kirkland, a senior vice president of Silicon Valley Bank said, “Silicon Valley Bank’s mission is to help our clients succeed.  Highwinds has effectively innovated and flawlessly executed in the high-growth market of online content and video delivery.” He is further quoted as saying, “we are honored to be Highwinds’ partner and to be providing a significant senior secured financing solution that supports Highwinds’ strategic objectives.”

 Today’s economic climate has transformed the way banks loan money to businesses.  “Comerica focuses on relationships, and helping people and businesses be successful.  We are excited to enter into this business relationship with Highwinds,” James Demoy, vice president of Comerica Bank’s Technology and Life Sciences Division was quoted as saying.

 About Highwinds Capital, Inc.

Highwinds Capital, Inc., and its subsidiaries, offer content delivery, network and IP services and a comprehensive suite of solutions, including CDN, IP transit, transport, peering, colocation, content storage and IP software.  The companies deliver content and rich media over the high-performance RollingThunder® network to millions of global users every day.  Highwinds’ CDN customers gain unprecedented command and control with the StrikeTracker® console and open APIs.  Highwinds is headquartered in Winter Park, Fla., and maintains data centers around the world.  For more information, visit www.highwinds.com.

 About Silicon Valley Bank

Silicon Valley Bank provides commercial banking services to emerging growth and mature companies in the technology, life sciences, private equity and premium wine industries.  Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients’ success.  Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 26 U.S. offices and five international operations.  Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), along with SVB Analytics, SVB Capital and SVB Global.  More information on the company can be found at www.svb.com.

 About Comerica Bank

Comerica Bank, with 11 banking centers inFlorida, is a commercial banking subsidiary of Comerica Incorporated, a financial services company headquartered inDallas,Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank and Wealth Management.  Comerica focuses on relationships, and helping people and businesses be successful.  Comerica Bank locations can be found inArizona,California,FloridaandMichigan, with select businesses operating in several other states, as well as inCanadaandMexico.  Comerica reported total assets of $55.0 billion at March 31, 2011.  To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.

 

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