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Press Release -- December 6th, 2011
Source: Zayo Group
Tags: Colocation

Zayo Completes Latest Round of Fund Raising with $315M Term Loan

LOUISVILLE, Colo.– December 06, 2011Zayo Group announces it has completed its latest round of fund raising totaling $315 million in a five-year term loan.  The loan was marketed by RBC Capital Markets, Barclays Capital and SunTrust and allocated to 25 institutional investors.   Strong demand for this debt instrument led to upsizing the amount from an initially marketed $295M.

“Zayo welcomes our new investors, as well as current investors who have made a further commitment to supporting our business,” states Ken desGarennes, CFO of Zayo Group. “We are pleased with the response we received to this debt offering and the continued ability to access capital in support of our business growth.”

The funds will be used to complete the recently announced $345M acquisition of 360 networks.  The remainder of the purchase price and transaction expenses will be funded with cash on hand.

Following the 360networks acquisition, Zayo’s pro-forma combined indebtedness as of September 30, 2011 is approximately $710.5 million, versus an estimated pro forma Adjusted EBITDA of $197.0 million, for leverage of 3.6x, according to a filing the Company made with the SEC on November 15, 2011.

For more information on Zayo, visit

About Zayo Group

Based in Louisville, Colo., privately owned Zayo Group ( is a national provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services. Zayo serves wireline and wireless carriers, data centers, Internet content and services companies, high bandwidth enterprises as well as federal, state and local government agencies. Zayo provides these services over regional, metro and fiber-to-the-tower networks. Zayo’s network assets include 44,000 route miles, covering 39 states plus Washington D.C. Additionally, Zayo has 4,500 buildings on-net, 450 Points-of-Presence (POPs), 2,100 cell towers on-net, and over 170,000 square feet of colocation space. Zayo was recently named one of the Denver-areas Fastest Growing Private Companies by the Denver Business Journal.


For Zayo media inquiries, please contact:

Jaymie Scotto & Associates


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