Zayo Group intends to redeem 8 1/8% and 10 1/8% notes due 2020

By Tali Rackner

Norfolk, Va., Nov. 14 – Zayo Group, LLC said it will redeem $75 million of its 8 1/8% senior secured notes due 2020 and $174.4 million of its 10 1/8% senior unsecured notes due 2020, according to a press release.

The company will redeem the 8 1/8% notes at 108.125 plus accrued interest to the redemption date and the 10 1/8% at 110.125 plus accrued interest. The redemption date has not been set.

The transaction will be funded with a portion of the proceeds of Zayo Group Holdings, Inc.’s initial public offering, which was completed on Oct. 22.

The Bank of New York Mellon Trust Co., NA is the trustee.

Based in Boulder, Colo., Zayo provides bandwidth infrastructure services.

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