Daily News: January 26, 2017

Morgan Stanley Agents New $650MM Term Loan for Zayo Group


Zayo Group Holdings added a new $650 million term loan tranche under its credit agreement. According to a related 8-K filing, Morgan Stanley Senior Funding served as administrative agent. The tranche will be available to support the company’s acquisition of Electric Lightwave.

Zayo also modified the terms of its existing $1.85 billion term loans, which were repriced at 99.75%.

Barclays Bank, SunTrust Robinson Humphrey, RBC Capital Markets, Citigroup Global Markets, Goldman Sachs Bank USA and JPMorgan Chase have agreed to act as joint lead arrangers for the 2017 incremental term loans.