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.
Top NewsMonday, May 19, 2014
Zayo Group Gets $275M For Acquisitions