New York, November 24, 2015 -- Moody's Investors Service, ("Moody's") said Zayo Group, LLC.'s ("Zayo" or "the company") plan to acquire Allstream Inc. ("Allstream" or "the target") is strategically positive but it does not impact the company's B2 corporate family rating. The C$465 million (US$350 million ) purchase is expected to be funded with existing cash and drawing on available funds from the company's revolving credit facility. As of September 30, 2015, the company had $346 million of cash and $441 million available on the revolver.
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