ST. LOUIS – January 23, 2007 – SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications, today announced the closing of a secondary offering of shares of common stock. One Equity Partners, LLC, through its affiliate MLT, LLC, has sold a total of 7,625,110 shares at a price of $39.00 each. Following the closing of the offering, One Equity Partners no longer owns any shares of SAVVIS common stock. SAVVIS did not receive any of the proceeds from the sale of the shares.
Morgan Stanley & Co. Incorporated, Goldman, Sachs & Co. and Lehman Brothers Inc. were joint book-running lead managers of the offering. Cowen and Company, LLC served as the co-manager of the offering.
SAVVIS also announced the closing, on Monday, January 22, of the sale of its CDN services business to Level 3 Communications, Inc. (NASDAQ:LVLT) for $135 million, before certain working capital adjustments, and the assumption of certain liabilities. SAVVIS anticipates net proceeds of approximately $125 million after fees, expenses and taxes.
A final prospectus supplement regarding the secondary offering has been filed with the U.S. Securities and Exchange Commission and is available on the SEC’s website, www.sec.gov. The final prospectus supplement may also be obtained by contacting: Morgan Stanley & Co. Incorporated, Attn: Prospectus Dep’t, 180 Varick St., New York, NY 10004, 212-761-4000; Goldman, Sachs & Co., 85 Broad St., New York, NY 10004, Attn: Prospectus Dept., via fax at 212-902-9316 or email at email@example.com; Lehman Brothers Inc., c/o ADP Financial Services Prospectus Fulfillment, 1155 Long Island Ave., Edgewood, NY 11717, Fax: (631) 254-7268, Email: firstname.lastname@example.org; or Cowen and Company, LLC, c/o ADP, 1155 Long Island Ave., Edgewood, NY 11717, Attn: Prospectus Dept., (631) 254-7106.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from SAVVIS’ expectations. Certain factors that could adversely affect actual results are set forth as risk factors described in SAVVIS’ SEC reports and filings, including its annual report on Form 10-K for the year ended December 31, 2005, and all subsequent filings. The forward-looking statements contained in this document speak only as of the date of publication, January 23, 2007. Subsequent events and developments may cause the company’s forward-looking statements to change, and the company will not undertake efforts to revise those forward-looking statements to reflect events after this date.
SAVVIS, Inc. (NASDAQ: SVVS) is a global leader in IT infrastructure services for business applications. With an IT services platform spanning North America, Europe, and Asia, SAVVIS leads the industry in delivering secure, reliable, and scalable hosting, network, and application services. These solutions enable customers to focus on their core business while SAVVIS ensures the quality of their IT systems and operations. SAVVIS’ strategic approach combines virtualization technology, a global network and 24 data centers, and automated management and provisioning systems.