Zayo Group closes USD 800m senior notes offering

Communications infrastructure services provider Zayo Group, LLC (“Zayo”), a direct subsidiary of Zayo Group Holdings, Inc. (NYSE: ZAYO), has closed its offering of USD 800m aggregate principal amount of 5.750% senior notes due 2027, the company said.

Zayo had entered into an incremental amendment in which its existing USD 1.85bn of term loans under the credit agreement were repriced at 99.75% of par, and Zayo added a new USD 650m term loan tranche at a price of 99.75% of par.

The incremental USD 650m tranche, together with the net proceeds of the offering of the 2027 senior notes, will be used to fund the consideration to be paid in connection with Zayo´s acquisition of Electric Lightwave Parent, Inc. Any excess net proceeds will be used for general corporate purposes, which may include repayment of other indebtedness, acquisitions, working capital and capital expenditures.

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world´s leading businesses.