SAVVIS to Make Senior Notes Offering

May 4, 2007 -- IT infrastructure services provider SAVVIS (savvis.net) announced on Thursday that it will offer $300 million of unsecured convertible senior notes due May 15, 2012.

Savvis also plans to grant underwriters an over-allotment option to purchase up to $45 million additional notes.

The company says it will use proceeds from the offering for general corporate purposes, including refinancing existing debt, capital expenditures and acquisitions. Morgan Stanley & Co. and Goldman, Sachs & Co. will act as joint book-running lead managers for the offering, says SAVVIS.

SAVVIS also began providing all the hosting and IT infrastructure required to deploy the underlying platform for news and financial data source provider Reuters.com.