Zayo to use new debt financing for buyout by Digital Colony and EQT

By Sara Rosenberg

New York, May 9 – Zayo Group Holdings Inc. has received a commitment for debt financing to help fund its acquisition by Digital Colony Partners and the EQT Infrastructure IV fund, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Credit Suisse Loan Funding LLC, Morgan Stanley Senior Funding Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., SunTrust Robinson Humphrey Inc. and TD Securities (USA) LLC provided the debt commitment.

Under the agreement, Zayo is being bought for $35.00 in cash per share in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations.

Other funds for the transaction will come from equity.

Closing is expected in the first half of 2020, subject to customary conditions, including regulatory clearance and Zayo shareholder approvals.

Zayo is a Boulder, Colo.-based provider of mission-critical bandwidth to companies.

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