DSL.net, Inc. Announces Public Offering of Common Stock
/FROM PR NEWSWIRE BOSTON 617-482-5355/
TO BUSINESS AND TECHNOLOGY EDITORS:
DSL.net, Inc. Announces Public Offering of Common Stock
NEW HAVEN, Conn., Feb. 8 /PRNewswire/ -- DSL.net, Inc. (Nasdaq: DSLN)
announced today that it filed a registration statement with the Securities and
Exchange Commission for a proposed public offering of 5,000,000 shares of its
Common Stock. The Company has also granted the underwriters of the public
offering an option to purchase up to 750,000 additional shares of Common Stock
to cover over-allotments, if any.
All of the shares are being offered for sale by DSL.net. The offering
will be sold through underwriters led by Deutsche Banc Alex. Brown, Donaldson,
Lufkin & Jenrette, Lehman Brothers and CIBC World Markets. DSL.net intends to
use the net proceeds from the offering to continue building its network and
for working capital and other general corporate purposes. The Company may
also use a portion of the net proceeds to acquire complementary businesses.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This communication
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
A copy of the preliminary prospectus may be obtained from the prospectus
departments of:
Deutsche Banc Alex. Brown
One South Street
Baltimore, MD 21202
(410) 727-1700
Donaldson, Lufkin & Jenrette
277 Park Avenue
New York, NY 10172
(212) 892-3000
Lehman Brothers
World Financial Center
200 Vesey Street
New York, NY 10285
(212) 526-7000
CIBC World Markets
425 Lexington Avenue
New York, NY 10017
(212) 667-7404
About DSL.net
Based in New Haven, CT, DSL.net, Inc. is a high-speed data communications
and Internet access provider that uses digital subscriber line technology to
provide high-speed Internet access solutions to small- and medium-sized
businesses, primarily in second and third tier cities throughout the United
States. As of February 1, 2000, DSL.net had provided service or had installed
equipment in more than 140 cities.
SOURCE DSL.net, Inc.
/CONTACT: investors, Robert Q. Berlin, CFO & VP, Strategic Planning ofDSL.net,
Inc., 203-782-7627, or investor@dsl.net; or media, GregPeverill-Conti of Blanc
and Otus, 617-262-6454, or gregpc@blancandotus.com,for DSL.net, Inc./
Feb-08-2000 15:42 GMT
Symbols:
US;DSLN
Source PRN PR NewsWire
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