Zayo reports increased income in Q3

BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO), a Boulder-based company that provides high-speed fiber-optic infrastructure, increased its net income in its third quarter, which ended  March 31.

Third-quarter net income was $34.7 million, compared with $30.2 million in the quarter that ended Dec. 31, 2018, and $23.5 million in the third quarter of last year. Basic and diluted net income per share during the third fiscal quarter was 15 cents. During the third quarter, capital expenditures were $206.4 million. At the end of the quarter, the company had $179.7 million of cash and $271.5 million available under its revolving credit facility.

Zayo announced earlier today that it will be acquired by Digital Colony Partners and the EQT Infrastructure IV fund in a transaction valued at $14.3 billion. The transaction would result in Zayo transitioning from a public company to a private company.

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In its quarterly earnings announcement, Zayo said that Zayo Group LLC and Zayo Capital have extended their credit agreement with the maturity date of the revolving credit facility extended.