Zayo Group, LLC, a direct subsidiary of Zayo Group Holdings, Inc. (NYSE: ZAYO), has closed its previously announced private offering of USD 300 million aggregate principal amount of its 5.750% Senior Notes due 2027 (the “2027 Senior Notes”), through an add-on to its existing issue, the company said.
Zayo intends to use the net proceeds from the 2027 Senior Notes offering to partially repay its outstanding term loan facility.
Zayo Group Holdings provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world´s businesses. Zayo´s 122,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services.