New York, January 11, 2016 -- Moody's Investors Service ("Moody's") assigned a Ba2 rating to Zayo Group, LLC's ("Zayo" or "the company") new $400 million incremental term loan offering. The new loan is expected to be pari passu with the company's existing senior secured indebtedness. Proceeds from the issuance will be used for the previously announced Allstream Inc. acquisition. Over the next 12-18 months, we expect Zayo's leverage to remain in the 4.5x to 5x range (Moody's adjusted, pro forma for recent M&A) as recent increases in debt should be offset by higher EBITDA from acquisitions and organic growth. The rating outlook for Zayo is stable.

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