[July 22, 2016] |
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Zayo Group Announces Completion of Term Loan Repricing
Zayo Group (News - Alert), LLC ("Zayo"), a subsidiary of Zayo Group Holdings, Inc.
(NYSE: ZAYO), the global leader in Communications Infrastructure,
announced today it has successfully completed the repricing of its $361
million term loan tranche under its existing credit agreement.
The $361 million term loan tranche was repriced at par and will bear
interest at a rate of LIBOR plus 2.75 percent, with a minimum LIBOR rate
of 1.00 percent. The facility will be made fungible with the existing
term loan B-1 tranche.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides cmmunications
infrastructure services, including fiber and bandwidth connectivity,
colocation and cloud services to the world's leading businesses.
Customers include wireless and wireline carriers, media and content
companies and finance, healthcare and other large enterprises. Zayo's
112,000-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 services in its
carrier-neutral data centers. Zayo provides clients with flexible,
customized solutions and self-service through Tranzact, an innovative
online platform for managing and purchasing bandwidth and services. For
more information, visit zayo.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005798/en/
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