Monday, May 14, 2007

Savvis Increases Debt for Build Out

The WHIR is reporting that:

IT infrastructure services provider SAVVIS announced on Thursday that it will offer $300 million of unsecured convertible senior notes due May 15, 2012.

(More about this here.)

This notice follows the story that Savvis won a contract with Reuters.

Savvis also announced plans to expand. The expansion includes 4 new Data Centers and the growth of space in 4 existing Data Centers. Opening date for the new data center in Lithia Springs, GA is August 13, 2007. The new Atlanta Data Center is one part of an overall expansion adding 180,000 square feet of raised floor space! The other new locations will be Sterling, VA; Piscataway, NJ; and Santa Clara, CA.

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