Zayo Prices $846 Million of Asset-Backed Term Notes

Third issuance in 2025 brings the company’s ABS program to approximately $3.8 billion year-to-date

DENVER--(BUSINESS WIRE)--Zayo, a leading communications infrastructure provider, today announced it has priced $846.2 million of asset-backed term notes (the “Notes”), to be originated by subsidiary Zayo Issuer, LLC, and secured by fiber network assets and associated contracts in the Southcentral region of Zayo’s U.S. footprint. The transaction is expected to close on October 3, 2025, subject to customary closing conditions.

This is Zayo’s third ABS transaction in 2025, bringing Zayo’s total debt raised in the ABS market this year to approximately $3.8 billion. Proceeds from the transaction will primarily be used to repay existing indebtedness, supporting the company’s focus on maintaining a balanced capital structure.

The Notes will be issued in three classes, consisting of $610,000,000 5.6% Series 2025-3, Class A-2 term notes, $98,400,000 5.7% Series 2025-3, Class B term notes and $137,800,000 8.4% Series 2025-3, Class C term notes, each with an anticipated repayment date in October 2032. Collectively, the Notes have a weighted average coupon of approximately 6.1%.

“This issuance further advances our ABS program and marks the lowest rates we’ve achieved in the securitization market to-date,” said Jeff Noto, Chief Financial Officer of Zayo. “Continued, broad investor participation underscores the market’s confidence in the stable and growing cash flows generated by Zayo’s essential infrastructure and will support further investment across our network.”

About Zayo

For more than 17 years, Zayo has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. The Zayo group of companies connects 400 global markets with future-ready networks that span over 19 million fiber miles and 147,000 route miles. Zayo’s tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how Zayo connects what’s next at www.zayo.com and follow us on LinkedIn.