Click here to RSVP to WHIR Events: Denver – Aug 26, 2010 Phoenix – Sept 23, 2010 Washington, DC – Oct 21 Five Most Recent Posts News: Web Hosting Sales and Promos Roundup – July 9, 2010 News: Q&A: Strangeloop President Joshua Bixby On Site Optimization News: Savvis Secures $625M Credit Loan News: SiteGround Launches New WordPress Theme News: BlackSun Announces Edmonton Indy Car Sponsorship (WEB HOST INDUSTRY REVIEW) — Managed hosting provider Savvis ( www.savvis.net ) announced on Friday it has secured a raise of about $625 million, consisting of a $550 million term loan and a $75 million revolving credit facility. Savvis says it will use the proceeds from this to repay its debt, including repurchase of about $345 million in outstanding securities and a repayment of $150 million under its revolving credit loan.