Zayo Group has successfully completed the repricing of its $361 million term loan tranche under its existing credit agreement.
The $361 million term loan tranche was repriced at par and will bear interest at a rate of LIBOR+2.75%, with a minimum LIBOR rate of 1.00%. The facility will be made fungible with the existing term loan B-1 tranche.
According to a related 8-K filing, Morgan Stanley Senior Funding served as administrative agent for the term facility. SunTrust Bank serves as administrative agent for Zayo’s revolving credit facility.
Boulder, CO-based Zayo Group Holdings provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world’s leading businesses.