US fibre network operator Zayo plans to offer US$700m worth of senior notes due 2023.
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…
US fibre network operator Zayo plans to offer US$700m worth of senior notes due 2023.
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.
The transaction is expected to close this quarter, subject to customary approvals. DH Capital advised the target on the sale.
Further to the deal, the company will expand its data centre portfolio to 45 facilities within the US, France and the UK.
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.
Earlier this month, the operator, which made its debut on the New York stock exchange last October in a US$460m IPO, completed the acquisition of Kansas-based IdeaTek Systems for US$52m in a cash-on-hand deal.
