Zayo Group, LLC -- Moody's affirms Zayo at B2, rates new notes Caa1

New York, May 01, 2015 -- Moody's Investors Service (Moody's) has affirmed the B2 corporate family rating (CFR), B2-PD probability of default rating (PDR) and SGL-1 speculative grade liquidity (SGL) rating of Zayo Group, LLC ("Zayo" or "the company") following its announcement of a refinancing transaction. Zayo plans to issue $350 million of new senior unsecured notes to refinance a portion of the existing senior secured term loan. As part of this rating action, Moody's has assigned a Caa1 (LGD5) rating to the new senior unsecured notes and upgraded Zayo's existing senior secured credit facilities to Ba2 (LGD2) from Ba3 (LGD2) due to the shift in capital structure. The outlook remains stable.

Vollständigen Artikel bei Moodys lesen