Terremark Worldwide Announces Pricing of Common Stock Offering
March 23 2007 - 7:45AM
Business Wire
Terremark Worldwide, Inc. (AMEX:TWW), a leading operator of
integrated Internet exchanges and a global provider of managed IT
infrastructure solutions for government and private sectors, today
announced the pricing of its public offering of 11.0 million shares
of its common stock at $8.00 per share. The company has granted the
underwriters an option to purchase up to an additional 1.5 million
shares to cover over-allotments, if any. Credit Suisse Securities
(USA) LLC is acting as sole bookrunning manager for the offering.
Subject to customary conditions, the offering is expected to close
on or about March 28, 2007. A registration statement relating to
the securities for which this communication relates has been
declared effective by the Securities and Exchange Commission, or
the SEC. The offering and sales of securities pursuant to the
offering may be made only by means of the final prospectus
supplement and related prospectus. Before you invest, you should
read the prospectus (and all supplements) in the registration
statement and other documents the issuer has filed with the SEC for
more complete information about the issuer and the offering. Copies
of the final prospectus supplement and accompanying base prospectus
with respect to the offering can be obtained from Credit Suisse
Securities (USA) LLC, Prospectus Department, One Madison Avenue,
New York, New York 10010 (telephone 212.325.2580) or by faxing
requests to 212.325.8057. You may also get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
About Terremark Worldwide, Inc. Terremark Worldwide, Inc.
(AMEX:TWW) is a leading operator of integrated Internet exchanges
and a global provider of managed IT infrastructure solutions for
government and private sectors. Terremark delivers its portfolio of
services from seven locations in the U.S., Europe and Latin America
and from four service aggregation and distribution locations, which
aggregate network traffic and distribute network-based services in
Europe and Asia to meet specific customer needs. Terremark�s
flagship facility, the NAP of the Americas, is the model for the
carrier-neutral Internet exchanges the company has in Santa Clara,
California (NAP of the Americas/West), in Sao Paulo, Brazil (NAP do
Brasil) and in Madrid, Spain (NAP de las Americas - Madrid). The
carrier-neutral NAP of the Americas is a state-of-the-art facility
that provides exchange point, colocation and managed services.
Terremark is headquartered at 2601 S. Bayshore Drive, 9th Floor,
Miami, Florida USA 33133, (305) 856-3200. More information about
Terremark Worldwide can be found at www.terremark.com. Statements
contained in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Terremark�s actual results may differ
materially from those set forth in the forward-looking statements
due to a number of risks, uncertainties and other factors, as
discussed in Terremark�s filings with the SEC. These factors
include, without limitation, Terremark�s ability to obtain funding
for its business plans, uncertainty in the demand for Terremark�s
services or products and Terremark�s ability to manage its growth.
Terremark does not assume any obligation to update these
forward-looking statements.
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