Savvis accepts tenders for $339.4 million of 3% convertibles due 2012

By Jennifer Chiou

New York, Aug. 4 - Savvis, Inc. said it accepted tenders for $339.4 million of its $345 million of 3% convertible senior notes due 2012 in the offer that wrapped at 8 a.m. ET on Wednesday.

The offer, which launched July 1, was previously extended from 8 a.m. ET on Aug. 3 and, before that, from the original deadline of midnight ET on July 29.

The company paid $990 per $1,000 principal amount of notes, plus interest up to but excluding the settlement date.

Savvis said it funded the tender with borrowings under new senior secured credit facilities.

Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., Credit Suisse Securities (USA) LLC and SunTrust Robinson Humphrey Inc. were the dealer managers for the tender. Global Bondholder Services Corp. (212 430-3774 or 866 470-3900) was the information agent and depositary.

Savvis is a Town & Country, Mo.-based provider of information technology services.

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