Highwinds Capital Announces Closing of $35.0 Million Senior Secured Financing

Stamford, CT – March 1, 2010 – The Bank Street Group LLC today issued a press release highlighting the placement of a $35.0 million Senior Secured Financing for Highwinds Capital, Inc. (“Highwinds”). Highwinds, headquartered in Winter Park, Florida, is a Content & Network Services and Hosted IP Services Business that offers a comprehensive suite of solutions for global content delivery.

Highwinds Capital is backed by a strong roster of private equity sponsors, including Alta Communications, General Catalyst Partners and the European Founders Fund. The Bank Street Group served as exclusive financial advisor and placement agent in connection with the financing.

Proceeds of the $35.0 million Senior Secured Financing were used by Highwinds to refinance existing indebtedness. Silicon Valley Bank (“SVB”) was the lead arranger for this financing, Comerica Bank (“Comerica”) acted as co-arranger.

“Highwinds is pleased to have closed this new senior debt financing with SVB and Comerica which will enable the Company to repay existing indebtedness and achieve a more attractive all-in cost of capital consistent with the Company’s improved financial profile,” said Steve Miller, President and CEO of Highwinds. “We are very pleased with the favorable execution by Bank Street, particularly given the tumultuous credit markets of the past year. Bank Street structured the debt financing to meet Highwinds’ strategic and financial objectives and conducted a comprehensive debt placement process that garnered interest from a number of prospective lenders.”

“We are pleased to have been able to match a dynamic company such as Highwinds with two of the premier lenders in the middle market,” said James H. Henry, Senior Managing Director and Co-Founder of Bank Street. “SVB and Comerica have strong domain expertise in the telecommunications and technology sectors, and this financing will enable Highwinds to continue to expand the reach and capabilities of its delivery network in partnership with its lenders.”

About Highwinds

Highwinds is a content, network and hosted IP services business that offers a comprehensive suite of solutions including CDN, IP transit, content storage and IP software. The company delivers live event streaming, on-demand video and large file downloads over its high-performance RollingThunder® network to millions of global users every day.  Highwinds’ CDN customers gain unprecedented command and control over all types of content with its StrikeTracker® console and open APIs. Highwinds is headquartered in Winter Park, Fla., and maintains data centers throughout North America, South America and Europe. For more information, visit https://www.highwinds.com.

About Bank Street

Bank Street is a private investment banking firm providing a comprehensive array of financial advisory services. Our senior professionals have originated, structured and executed more than $250 billion of financial and strategic transactions and are dedicated to bringing the breadth and depth of this experience to bear to the benefit of our clients. With a portfolio of capabilities that includes Financial Advisory, Mergers & Acquisitions, Private Placements of Debt & Equity, Restructuring & Turnaround Advisory, Valuation and Fairness Opinions, Bank Street offers a full complement of services for our corporate and institutional clients. For more information, visit www.bankstreet.com.