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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Zayo Group Announces $275MM Facility Increase With Barclays, Others
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Lenders/Participants
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Barclays Bank [Joint Bookrunner]
RBC Capital Markets [Joint Bookrunner]
Morgan Stanley Bank [Joint Bookrunner]
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Structure
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Term Loan Increase, Amendment
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Amount
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$2.014
Billion
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Borrower(s)
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Zayo Group, LLC
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Description
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Company completed the amendment of its credit agreement, including a $275 million add-on to its term loan facility.
The $1.74 billion term loan facility was increased by the $275 million to $2.015 billion and will bear interest at the existing rate of LIBOR plus 3.00 percent, with a minimum LIBOR rate of 1.00 percent. The $275 million add-on was priced at 99.5. No other terms of the credit agreement were amended. A portion of the offering proceeds were used to repay Zayo’s $150 million of borrowings on its revolving credit facility, which was drawn to help fund its previously announced acquisition of Geo Networks Ltd (“Geo”), a London-based dark fiber provider. The remaining proceeds will be used to fund Zayo’s previously announced acquisition of Neo Telecoms Group (“Neo”), which is expected to close on July 1, 2014, and for general corporate purposes.
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Industry
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Communications
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| Related Tags |
Barclays, Morgan Stanley, RBC Capital Markets
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ABL Advisor
Deal Tables
2025
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