Zayo to price $225 million seven-year first-lien notes March 1 week

By Paul A. Harris

St. Louis, Feb. 26 - Zayo Group LLC and Zayo Capital, Inc. will host an 11 a.m. ET investor conference call on Tuesday for a $225 million offering of seven-year first-lien senior secured notes, according to an informed source.

The note offering is set to price later in the March 1 week.

Morgan Stanley & Co. Inc. and RBC Capital Markets Corp. are joint bookrunners. Barclays Capital Inc., Oppenheimer & Co. and SunTrust Robinson Humphrey Inc. are co-managers.

The notes come with three years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to pay down bank debt and interest rate swaps and for general corporate purposes.

Zayo is a Louisville, Colo.-based provider of telecom and internet infrastructure services, including bandwidth infrastructure and network neutral colocation.

The company provides bandwidth infrastructure services over its regional, metro fiber and fiber to the tower networks that span 141 markets and 23 states.

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