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Crestline Investors Supports 365 Data Centers in its Acquisition of Host.net

FORT WORTH, Texas, Oct. 2, 2017 /PRNewswire/ -- Crestline Investors, Inc. ("Crestline"), a credit-focused institutional alternative asset manager, is pleased to announce its support of 365 Data Centers ("365" or the "Company"), a leading provider of data center solutions for carrier, content, and cloud customers in eight strategic markets, with its add-on acquisition of Broadband One LLC, d/b/a Host.net, a data center services provider in two southeast Florida markets. The financing was provided through Crestline Specialty Lending ("CSL"), a part of the opportunistic investment group of Crestline.

Bob DeSantis, Chief Executive Officer of 365 Data Centers, stated, "This follow-on acquisition, within just six months of purchasing the 365 Data Centers platform, provides significant financial scale for 365 and accelerates our strategy of broadening the Company's customer and services base with more than 500 enterprise customers and a portfolio of scalable, retail and wholesale Network, IP blend, remote Disaster Recovery as a Service, virtual Cloud compute and storage, and Business Continuity product offerings."

DeSantis added, "We appreciate Crestline's continued support of our buy-and-build strategy. Their knowledge of the data center market and underwriting flexibility have made them a great lending partner to 365."

Will Palmer, Managing Director of Crestline, noted, "We continue to be impressed by Bob and the team at 365 and look forward to continuing participation in the growth of the Company."

Host.net was sold to 365 by Novacap, one of Canada's leading private equity firms.

The Bank Street Group served as 365's financing advisor and Greenberg Traurig as its legal counsel for this transaction.

About Crestline Investors

Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, USA, is an institutional alternative investment management firm. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides Beta and Hedging Solutions for Institutional clients. In addition to its Fort Worth headquarters, the company also maintains affiliate offices in London, New York City, Chicago, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.

About Crestline Specialty Lending

Crestline Specialty Lending seeks to provide $15-100 million senior secured, unitranche and second lien financings to lower-middle and middle market companies in North America and Europe. CSL lends to companies with highly recurring revenues and has significant experience in telecom, technology, media and healthcare services. CSL typically lends to businesses with $4mm+ of EBITDA and can also lend to companies with minimal cash flow on a multiple of recurring revenues. For more information, please visit www.crestlineinvestors.com/specialtylending.

About 365 Data Centers

365 Data Centers is a leading provider of hybrid data center solutions in strategic edge markets. Our robust, carrier neutral ecosystem and secure, reliable edge Colocation, Network, IP, DRaaS, Cloud compute and storage, and Business Continuity services help organizations reduce costs, drive innovation and improve their customer experience. 365 Data Centers supports mission- critical application infrastructure by providing 100% uptime and adhering to industry standards such as HIPAA, PCI DSS, VISA, SSAE 16, SOC 2, and ISAE 3402. 365 Data Centers is based in Norwalk, Connecticut, and operates ten geographically diverse US data centers. Visit 365datacenters.com for more information.

Media Contact:

Dmitriy Ioselevich
+1-212-279-3115 ext. 243
dioselevich@prosek.com

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SOURCE Crestline Investors, Inc.