Zayo Group Holdings, Inc. (NYSE:ZAYO) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 relating to Repricing Amendment No. 2 entered into by the Company and Zayo Capital, Inc. on July 20, 2017 (the “Amendment”).Holdings and the Company are filing this Current Report on Form 8-K/A (the “Form 8-K/A”) to correct an error included in the description of the Amendment in the Original Form 8-K.The Original Form 8-K stated that the Amendment resulted in a downward adjustment of 50 basis points. The Amendment resulted in a downward adjustment of 25 basis points.
The text of Item 1.01 of the Original Form 8-K follows with the corrected number. Except for correction of the error referenced above, this Form 8-K/A does not update, modify, or amend any disclosures set forth in the Original Form 8-K.
Item 1.01. Entry into a Material Definitive Agreement
OnJuly 20, 2017, Zayo Group, LLC (the "Company"), a wholly owned subsidiary of Zayo Group Holdings, Inc. (“Holdings”), and Zayo Capital, Inc. entered into a Repricing Amendment No. 2 (the “Amendment”) to the Amended and Restated Credit Agreement dated as of May 6, 2015 (as amended, the "Credit Agreement").Per the terms of the Amendment, the outstanding $1.1 billion of term loans under the 2017 Incremental Refinancing B-2 Term Facility and the 2017 Incremental Acquisition Term Facility under the Credit Agreement, which trade together as the B-2 tranche, was repriced at par and will bear interest at a rate of LIBOR plus 2.25 percent, with a minimum LIBOR rate of 1.00 percent, which represents a downward adjustment of 25 basis points.
The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
