Zayo Group extends maturity date of revolving credit facility

By Marisa Wong

Morgantown, W.Va., April 4 – Zayo Group, LLC and Zayo Capital, Inc. amended on Wednesday their amended and restated credit agreement dated May 6, 2015 to extend the maturity date of the revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The maturity date was extended from April 17, 2020 to the earliest of (i) April 17, 2023, (ii) six months prior to the maturity date of the borrowers’ $500 million term loan tranche due Jan. 19, 2021, subject to the refinancing of that loan with debt having a maturity date no earlier than April 17, 2023 or repayment in full, and (iii) six months prior to the maturity date of the borrowers’ 6% senior notes due April 1, 2023, subject to the refinancing of those notes with debt having a maturity date no earlier than April 17, 2023 or repayment in full.

The borrowers are subsidiaries of Zayo Group Holdings, Inc., a Boulder, Colo.-based provider of communications infrastructure services.

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