Zayo Issues $2.37 Billion of Asset-Backed Term Notes

First issuance in 2026 brings ABS program total to over $6 billion

DENVER--(BUSINESS WIRE)--Zayo, a leading digital infrastructure provider, today announced it has closed on the issuance of $2.37 billion of asset-backed term notes (the “Notes”), issued by subsidiary Zayo Issuer, LLC, and secured by fiber network assets and associated contracts throughout the United States.

This is Zayo’s first ABS transaction in 2026 and fourth overall, bringing total ABS debt raised to more than $6 billion. Proceeds from the transaction will primarily be used to repay existing indebtedness and support continued investments in Zayo’s network to meet growing AI-driven bandwidth demand.

The Notes were issued in 144a and 4(a)(2) formats across a total of five classes. The 144a issuance includes $829,625,000 5.6% Series 2026-1, Class A-2 term notes, $137,850,000 6.0% Series 2026-1, Class B term notes, and $385,900,000 7.8% Series 2026-1, Class C term notes, each with an anticipated repayment date in April 2031. The 4(a)(2) issuance includes $879,375,000 6.5% Series 2026-2, Class A-2 term notes and $137,850,000 6.9% Series 2026-2, Class B term notes, each with an anticipated repayment date in April 2036. Collectively, the Notes have a weighted average coupon of approximately 6.5%.

“This issuance further advances our ABS program and is the largest securitization issuance we’ve completed to date,” said Jeff Noto, Chief Financial Officer of Zayo. “It reflects the continued strength of our ABS program and the market’s confidence in the cash flows generated by our fiber infrastructure. As we continue investing in our network to support growing demand, we’re focused on maintaining a strong capital structure, with the right liquidity and a staggered maturity profile.”

About Zayo

For more than 18 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 19.9 million fiber miles and 148,000 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.