European data center service provider Interxion announced earlier this week an offering of securities, worth a total of Ôé¼200 million. The company did not specify what it would use the proceeds for if it actually finds a buyer for the senior secured notes, saying only that it would repay a portion of existing debt and "for general corporate purposes."

Several of Interxion's wholly-owned subsidiaries will back the securities in the offering.

Netherlands-based Interxion operates 26 data centers in 13 cities around Europe, offering colocation and managed services.

Also this week, Interxion announced a new agreement with network connectivity provider AboveNet, whereby the data center provider will host an AboveNet point of presence for the networking company's metro Ethernet, IP transit and VPN services at a data center in London.

The driving force behind the deal is the race among data center and network providers to sell colocation space in proximity to major financial exchanges and ultra-fast connectivity for low-latency access to the world's financial markets to trading firms.

"We are particularly proud that AboveNet has decided to become part of our financial hub, which currently houses a number of the leading exchanges, MTF's, buy-side and sell-side firms and technology providers," Interxion Group Managing Director Anthony Froy said in a statement.

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