Zayo Group offers $500 million in debt security
BOULDER — Telecommunications company Zayo Group Holdings Inc. (NYSE: ZAYO) announced Wednesday that it plans to offer $500 million of senior notes, subject to market conditions.
The debt security notes mature in 10 years and have an interest rate of 5.75 percent, according to a press release from the company.
Zayo said it intends to use the net proceeds from the senior notes to repay about $500 million of its $1.35 billion and $650 million loans, which each mature in January 2024.
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The announcement comes a day after Zayo announced that industry veteran Andrew Crouch would be its new president and chief operating officer at the end of April.
BOULDER — Telecommunications company Zayo Group Holdings Inc. (NYSE: ZAYO) announced Wednesday that it plans to offer $500 million of senior notes, subject to market conditions.
The debt security notes mature in 10 years and have an interest rate of 5.75 percent, according to a press release from the company.
Zayo said it intends to use the net proceeds from the senior notes to repay about $500 million of its $1.35 billion and $650 million loans, which each mature in January 2024.
The announcement comes a day after Zayo announced
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