Zayo Group Holdings,Inc. (NYSE:ZAYO) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement
OnJuly20, 2017, Zayo Group, LLC (the "Company"), a wholly owned subsidiary of Zayo Group Holdings,Inc. (“Holdings”), and Zayo Capital,Inc. entered into a Repricing AmendmentNo.2 (the “Amendment”) to the Amended and Restated Credit Agreement dated as of May6, 2015 (as amended, the "Credit Agreement"). Per the terms of the Amendment, the outstanding $1.1 billion of term loansunder 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 2.25percent, with a minimum LIBOR rate of 1.00percent, which represents a downward adjustment of 50 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 Exhibit10.1 to this Current Report on Form8‑K and incorporated herein by reference.
Item 1.01. Other Items
The Company issued a press release on July20, 2016 announcing the repricing of the $1.1 billionterm loan tranche. A copy of the press release is filed as Exhibit99.1 and incorporated herein by reference.
Item 1.01. Financial Statements and Exhibits
(a)Exhibits.
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ExhibitNo. |
Description |
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10.1 |
Repricing Amendment No.2 to Amended and Restated Credit Agreement, dated as of July20, 2017, by and among Zayo Group, LLC, Zayo Capital,Inc., Morgan Stanley Senior Funding,Inc., as term facility administrative agent, SunTrust Bank, as revolving facility administrative agent, and the other lenders signatory thereto. |
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99.1 |
Press Release dated July20, 2017. |