Banking & Finance  March 4, 2015

Zayo Group announces $730M offering of senior notes

BOULDER – Broadband infrastructure provider Zayo Group Holdings Inc. (NYSE: ZAYO) announced on Wednesday plans to raise $730 million through 6 percent senior notes due in 2023 as an add-on to its existing $700 million issue that was closed in January.

The Boulder-based firm also disclosed in regulatory filings that the company’s previously announced follow-on public offering of common stock is expected to raise $100 million to $250 million. Zayo’s initial filing for the follow-on offering had indicated it could be worth as much as $500 million.

The new offering of senior notes will be used to redeem $675 million in 8.125 percent senior secured notes due in 2020, “including the required make-whole premium and accrued interest.”

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The notes are being offered only to qualified institutional buyers.

BOULDER – Broadband infrastructure provider Zayo Group Holdings Inc. (NYSE: ZAYO) announced on Wednesday plans to raise $730 million through 6 percent senior notes due in 2023 as an add-on to its existing $700 million issue that was closed in January.

The Boulder-based firm also disclosed in regulatory filings that the company’s previously announced follow-on public offering of common stock is expected to raise $100 million to $250 million. Zayo’s initial filing for the follow-on offering had indicated it could be worth as much as $500 million.

The new offering of senior notes will be used…

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