Terremark Completes Public Offering of 11,000,000 Shares of Common Stock
March 28 2007 - 11:54AM
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 that it has completed an underwritten public offering of
11,000,000 shares of its common stock. After deducting underwriting
discounts and commissions and estimated offering expenses, the
company received approximately $82.6 million in net proceeds from
the offering. The company will use the net proceeds from the
offering for general corporate purposes, which may include capital
expenditures, acquisitions, working capital and repayment of
existing indebtedness. Credit Suisse acted as the sole bookrunner
for the offering. Copies of the prospectus supplement and
accompanying prospectus with respect to the offering may be
obtained from Credit Suisse, Prospectus Department, One Madison
Avenue, New York, New York 10010 (telephone: 212-325-2580) or by
faxing requests to 212-325-8057. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
the shares of common stock or any other securities, nor will there
be any sale of the shares of common stock or any other securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior the registration or qualification
under the securities laws of any such state or jurisdiction. About
Terremark Worldwide, Inc. Terremark Worldwide, Inc. (AMEX:TWW) is a
leading operator of integrated Tier-1 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, 305-856-3200. More information about Terremark
Worldwide can be found at http://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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