Zayo to launch $1.85 billion credit facility repricing on Thursday

By Sara Rosenberg

New York, Nov. 13 - Zayo Group LLC is set to hold a lender call at 11 a.m. ET on Thursday to launch a repricing of its $1,849,750,000 senior secured credit facility, according to a market source.

Morgan Stanley Senior Funding Inc., Barclays and RBC Capital Markets are the joint lead arrangers and bookrunners on the deal. Citigroup Global Markets Inc., Goldman Sachs Bank USA, SunTrust Robinson Humphrey Inc. and UBS Securities LLC are the co-managers.

The facility consists of a $250 million revolver and a $1,599,750,000 term loan, the source said.

Current pricing on the term loan is Libor plus 350 basis points with a 1% Libor floor.

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

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