Zayo Group, LLC Prices $730 Million Senior Notes Offering
05 March 2015 - 10:44AM
Business Wire
Zayo Group, LLC (“Zayo”), a subsidiary of Zayo Group Holdings,
Inc. (NYSE: ZAYO) and international provider of Bandwidth
Infrastructure services, announced today that it has priced its
previously announced offering of $730 million aggregate principal
amount of its 6.00% Senior Notes due 2023, through an add-on to its
existing issue in a private offering conducted pursuant to Rule
144A and Regulation S under the Securities Act of 1933, as amended.
The offering is expected to close on or about March 9, 2015,
subject to the satisfaction of various customary closing
conditions.
Zayo intends to use the net proceeds from the offering to redeem
its $675 million 8.125% Senior Secured Notes due 2020, including
the required make whole premium and accrued interest.
The notes have not been registered under the Securities Act and
are being offered and sold in the United States only to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act and to certain non-U.S. persons in transactions outside the
United States in reliance on Regulation S under the Securities
Act.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be
any offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful. This
press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These include, but are not limited to, statements regarding the
Company's plans, intentions and expectations. Such statements are
inherently subject to a variety of risks and uncertainties that
could cause actual results to differ materially from those
projected. These risks include, but are not limited to, market
conditions and other factors that could affect the Company's
ability to complete the proposed debt offering. A more extensive
discussion of the risk factors that could impact these areas and
the Company's overall business and financial performance can be
found in the Company's reports and other filings filed with the
Securities and Exchange Commission. Given these concerns, investors
and analysts should not place undue reliance on forward-looking
statements.
About Zayo Group
Based in Boulder, Colo., Zayo Group Holdings, Inc. (NYSE: ZAYO)
is a publicly traded company that provides comprehensive Bandwidth
Infrastructure services in over 300 markets throughout the US and
Europe. Zayo delivers a suite of dark fiber, mobile infrastructure,
and cloud & connectivity services to wireline and wireless
customers, datacenters, Internet content providers, high-bandwidth
enterprises, and government agencies across its robust 82,000 route
mile network. The company also offers 45 carrier-neutral datacenter
facilities across the US and France. Zayo was the first to offer
bandwidth shopping and buying in under 2 minutes through
Tranzact.
Zayo GroupMedia Contact:Crystal Thomas,
720-361-1797crystal.thomas@zayo.comorInvestor Relations:Stacey
Finerman, 303-414-2545stacey.finerman@zayo.com
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