Zayo has made strategic alterations in business arrangements to support growth and network investment. The company operates over 19.1 million fiber miles and recently entered into a transaction support agreement with creditors holding over 95% of outstanding loans. This agreement amends terms and extends maturities to 2030. Zayo plans to initiate exchange offers related to these debt instruments. The company is focused on advancing its strategic plans and ensuring a robust position in digital infrastructure, while exploring asset-backed securitization to support connectivity requirements.
Zayo has entered into a transaction support agreement with creditors holding more than 95% of outstanding loans, amending terms and extending maturities to 2030.
We are making important progress executing on our strategic plans and positioning Zayo as a leader in delivering purpose-built long-haul routes critical to AI-enabled technologies.
With flexibility to pursue future alternative sources of financing, Zayo will invest in network growth and support customers' growing connectivity needs.
Zayo will issue notes valued at over $1.4 billion secured with fiber infrastructure and long-term customer contracts, due in 2030.
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