SunTrust Agents Zayo Facility
Zayo Group amended, extended and increased its existing revolving credit facility. SunTrust Bank acted as administrative agent on behalf of the lenders in this transaction.
The facility’s availability has been increased from $250 million to $450 million. Maturity was initially extended by 18 months from July 2017 to January 2019. The amendment also includes provisions allowing a further extension to April 2020, subject to certain conditions. In addition to the above modifications, various covenants and limitations have also been amended, reflecting Zayo’s growth in recent years and market conditions.
Boulder, CO-based Zayo Group Holdings delivers a suite of dark fiber, mobile infrastructure, and cloud and connectivity services.