Tuesday, January 20, 2015

Zayo Looks To Raise $700M for Latisys Buy

Boulder-based Zayo Group said this morning that it is seeking to raised $700M, through an offering of senior notes, to help pay for its acquisition of Latisys. Zayo said the notes wil be due in 2023, and will be used to fund the purchase price of Latisys, which was announced last week. Zayo said on January 14th that it would pay $675M for Latisys, which is based in Englewood, Colorado.