Zayo to use revolving facility to help fund Allstream acquisition

By Tali Rackner

Norfolk, Va., Nov. 23 – Zayo Group Holdings, Inc. plans to use revolving credit facility capacity and existing cash to fund its acquisition of Allstream, Inc., according to a press release.

The transaction is expected to close in the first quarter of 2016.

Zayo provides bandwidth infrastructure services and is based in Boulder, Colo. Allstream offers bandwidth and telecom services to business and public sector customers across Canada. It is a wholly owned subsidiary of MTS, Inc.

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