Content Delivery Network (CDN) provider Highwinds has closed a new $205 million debt financing transaction. This significant infusion of new capital positions the company for massive growth of its global CDN solution.
With the recapitalization of the business, Highwinds is ready for aggressive growth through both organic and M&A investment opportunities. Growth plans of the company include increasing investment across all functional areas of the business, including sales, business development, product, marketing and operations. The new financing transaction will facilitate Highwinds’ further expansion of its global content delivery network (CDN).
The CDN platform of Highwinds comprises dozens of data centers spanning five continents, a massive peering infrastructure, egress network capacity in excess of 4 Tbps, and breakthrough technologies that fuel highly efficient operations, content control and cost-efficient delivery costs. Its content delivery and cloud services portfolio is trusted by leading gaming, advertising, software, and media and entertainment companies for the delivery of digital assets to millions of global users every day.
Financing Transactions Totaling $420 million
The debt financing transaction was led by Cerberus Business Finance, LLC and Goldman Sachs BDC, Inc., an investment fund managed by Goldman Sachs Asset Management, L.P., with participation from the company’s existing equity sponsor, General Catalyst Partners, and the company’s management team.
“I am excited to align ourselves with partners who will help finance our vision and execute our mission,” said Steve Miller, founder and CEO of Highwinds, who was responsible for launching the company in 2002 and has now orchestrated over $420 million in total new financing since inception. “Our lofty ambitions have become a reality time and again because we’ve never wavered in our commitment to customers, and because we’ve had great financial partners along the way. We’ve made a monumental move here to secure financing that will further fuel our growth.”
Founded in 2002, Highwinds now has 149 Employees. Headquartered in Winter Park, Fla., the company has offices in Phoenix, Amsterdam and São Paulo, Brazil.