Zayo Group to pay down term loan debt with new note offering proceeds

By Tali Rackner

Minneapolis, April 5 – Zayo Group, LLC plans to repay about $500 million of its outstanding $1.35 billion tranche and $650 million tranche of term loans using the net proceeds from a new senior note offering, according to a press release.

The company announced on Wednesday that it intends to offer $500 million of 5¾% senior notes due 2027 through an add-on to its existing issue.

Zayo is a Boulder, Colo.-based provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services.

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