Zayo Group, LLC, a direct subsidiary of Zayo Group Holdings, Inc. (NYSE: ZAYO) and global provider of communications infrastructure services, has closed its private offering of USD 550m aggregate principal amount of its 5.750% Senior Notes due 2027, 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 repay approximately USD 569.7 million of its outstanding USD 1.35 billion tranche and USD 650 million tranche of term loans, each maturing on January 19, 2024, on a pro rata basis.
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world´s businesses. Zayo´s 126,000-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.