Highwinds Capital Inc., which sells content, network and hosted IP services, said this week it has raised $35 million from a private investor to refinance debt.
The announcement comes as other telecom companies – tw telecom inc. among them – have had recent luck securing lower rates to pay off higher-interest obligations.
Highwinds was founded in 2006 and is headquartered in Winter Park, Fla. Highwinds didn’t say how much debt it’s paying off with the $35 million. Silicon Valley Bank financed the deal, which Bank Street Group structured.
The activity mirrors more positive movement on Wall Street. According to the Wall Street Journal earlier this week, U.S. corporations have issued $195.2 billion of debt so far this year, up from $166.8 billion by this time in 2009.
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March 15 2019 @ 19:34:51 UTC