Zayo Group Gets $275M For Acquisitions
Boulder-based bandwidth provider Zayo Group reported this morning that it has raised $275M in a term loan facility to go towards two acquisitions. Zayo said the term loan--which is an add on to an existing, $1.74 billion term loan facility--will go towards the acquisitions of Geo Networks and Neo Telecoms Group. Both of those acquisition had been announced earlier. The company said the facility has been increased to a total of $2.015 billion, at a rate of LIBOR plus 3.00 percent. Zayo has been in major expansion mode, and is reportedly in the midst of an IPO effort.
posted on Monday, May 19, 2014
Related companies:
Zayo Group
Related stories:
> Zayo Inks Dark Fiber Deal
> Zayo Group Grows Revenues To $340.7M In Third Quarter
> Zayo Buys 360Networks
> Zayo Wins Expereo
> Zayo Group Closes American Fiber Systems Buy
Techrockies.com Home