US-based fibre network provider Zayo has priced its previously-announced US$700m senior note offering at par.
The bond, which carries a 6% coupon and will mature in 2023, is expected to close by 23 January, subject to customary closing…
US-based fibre network provider Zayo has priced its previously-announced US$700m senior note offering at par.
The bond, which carries a 6% coupon and will mature in 2023, is expected to close by 23 January, subject to customary closing conditions.
Proceeds from the offering will be used to fund Zayo’s pending US$675m acquisition of co-location and IaaS provider Latisys, which was first announced on 14 January.
Goldman Sachs, Barclays, Morgan Stanley and RBC Capital Markets served as joint bookrunning managers on the offering, while SunTrust Robinson Humphrey acted as co-manager.
Colorado-based Zayo controls a 81,000 mile fibre network and serves wireline and wireless operators, data centres, ISPs, high-bandwidth enterprises and government agencies in the US and Europe.
