Savvis obtains $625 million in senior secured credit; ViaSat wins U.S. Navy contract

> Cloud infrastructure provider Savvis Inc. (Nasdaq: SVVS) is entering into new senior secured credit facilities for up to $625 million. Part of the $500 million loan and $75 million revolving credit will pay off existing debts, including the repurchase of the principal amount of its outstanding 3 percent convertible senior notes--about $345 million--due May 2012. News release.

> The Space and Naval Warfare Systems Center (SPAWAR) Atlantic has awarded a $5.75 million IDIQ (Indefinite-Delivery Indefinite-Quantity) contract to ViaSat (Nasdaq: VSAT) to provide tactical data and satellite equipment and support to the U.S. Navy and the Republic of Turkey. News release.

> AT&T (NYSE: T) has donated $100,000 to the National Organization for the Advancement of Haitians (NOAH) to help ensure a sustainable and safe water supply on the island nation. The company will also supply RFID asset tracking technology through Atlanta-based customer Water Transit Solutions to help with delivery of water supplies to remote areas of Haiti. Release.

> Telanetix (OTC BB: TNXI) recently completed its $10.5 million recapitalization, working with financial advisor Merriman Curhan Ford to reorganize its senior debt and obtain $3 million of working capital. News release.

> Sprint (NYSE: S) is a sponsor of the 101st Annual NAACP National Convention, which runs through Thursday, July 15. News release.

> MRV Communications' (Other OTC: MRVC.PK) Terescope 5000/G optical transport solution was selected by the BBC for HD video delivery between its temporary studio locations during the FIFA World Cup. The TS5000/G units were deployed wherever fiber was not available. News release.

And finally... Intuit's (Nasdaq: INTU) recent downtime during a power failure--which stranded about 300,000 customers--is just one of the challenges faced by a company transitioning to Internet-based services, Bloomberg reports. Story.

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