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    Rackspace Hosting Repays $100 Million on Credit Facility

    SAN ANTONIO-- March 11 2009 --Rackspace® Hosting (NYSE:RAX), the world's leading hosting services provider, today announced that it has repaid $100 million on its revolving line of credit backed by Comerica Bank, JPMorgan Chase, Wachovia Bank, Bank of America and The Frost National Bank.

    The repayment decreases the amount outstanding on the revolving line of credit from $200 million to $100 million. Of the outstanding borrowings, $50 million has been swapped into a fixed rate of 4.135% and the remaining $50 million is borrowed on a one month LIBOR basis at 0.479%. With the current applicable margin spread of 1.55%, the weighted average borrowing costs of the remaining $100 million outstanding debt balance is approximately 3.9%. With the repayment, $144 million is available and committed on the credit facility.

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    About Rackspace Hosting

    As the leader and specialist in hosting services, Rackspace® Hosting is changing the way businesses worldwide buy IT. Rackspace delivers computing-as-a-service, integrating the industry's best technologies into a flexible service offering, making computing more reliable and affordable. A trusted partner to companies of all sizes, Rackspace enables IT departments to be more effective. Rackspace is distinguished by its award-winning Fanatical SupportŪ, furthering the company's mission to be one of the world's greatest service companies. Rackspace is recognized as one of FORTUNE Magazine's 100 Best companies to work for, ranking number 43 on the 2009 list. or more information on Rackspace Hosting please visit www.rackspace.com.





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