Zayo Group Holdings,Inc. (NYSE:ZAYO) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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Zayo Group Holdings,Inc. (NYSE:ZAYO) Files An 8-K Entry into a Material Definitive Agreement
Item 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.

ExhibitNo.

Description

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.

99.1

Press Release dated July20, 2017.

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Zayo Group Holdings,Inc.

By:

/s/ Ken desGarennes

Name:

Ken desGarennes

Title:

Chief Financial Officer

DATED:July21, 2017


ZAYO GROUP LLC Exhibit
EX-10.1 2 ex-10d1.htm EX-10.1 zgh_Ex10_1 Exhibit 10.1 EXECUTION VERSION REPRICING AMENDMENT NO. 2TO AMENDED AND RESTATED CREDIT AGREEMENT REPRICING AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT,…
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About Zayo Group Holdings,Inc. (NYSE:ZAYO)

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. Its products and services enable high-bandwidth applications, such as cloud-based computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016 the Company owned fiber networks in 300 metro markets, including metro areas, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro areas, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Company also provides its network-neutral colocation and interconnection services utilizing its own data centers.