United Kingdom

Zayo Group Holdings says Zayo Group, LLC upsizes and prices $550 million senior notes offering

Friday, 1 Apr 2016 

Zayo Group Holdings:Says unit priced its previously announced private offering of its 6.375% Senior Notes due 2025, through an add-on to its existing issue, and upsized the offering from $350 million to $550 million aggregate principal amount.Intends to use the net proceeds from the offering plus cash on hand to redeem its approximately $326 million of remaining 10.125% Senior Notes due 2020 and to repay approximately $197 million of borrowings under its secured term loan facility.