Moody's Investors Service (Moody's) has assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating to the end state capital structure of Zayo Group Holdings, Inc. (Zayo Parent) following its leveraged buyout acquisition (LBO transaction) by EQT Infrastructure IV (EQT) and Digital Colony Acquisitions, LLC (Digital Colony). Moody's has assigned B1 ratings to Zayo Parent's first lien credit facilities, including the revolver and USD and Eurodollar term loans, and first lien secured notes, and a Caa1 rating to its senior unsecured notes.
A Fantastic Finish
While Verizon (VZ) beats its 5G coverage target for 2019, Vodafone inks a deal with Nokia (NOK) to deploy 5G services in Australia.
Zayo (ZAYO) collaborates with a Microsoft-backed broadband initiative to deploy affordable and seamless Internet connectivity across the rural regions of the United States.
Zayo Group (ZAYO) delivered earnings and revenue surprises of 44.44% and 1.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Rating Action: Moody's assigns B2 CFR to Zayo Group Holdings, Inc. New York, February 05, 2020 -- Moody's Investors Service (Moody's) has assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating to the end state capital structure of Zayo Group Holdings, Inc. (Zayo Parent) following its leveraged buyout acquisition (LBO transaction) by EQT Infrastructure IV (EQT) and Digital Colony Acquisitions, LLC (Digital Colony). Moody's has assigned B1 ratings to Zayo Parent's first lien credit facilities, including the revolver and USD and Eurodollar term loans, and first lien secured notes, and a Caa1 rating to its senior unsecured notes.
Zayo's (ZAYO) fiscal second-quarter performance is likely to have benefited from its multi-site data center portfolio and ability to customize solutions.
As a startup formed in 2007 on Boulder’s Pearl Street, Zayo’s sale makes it one of Colorado’s biggest startup success stories, the CEO says.
The Zayo exec, cannabis entrepreneur and longtime Marijuana Industry Group member will become MIG's executive director effective Feb. 17.
The FCC has given its approval for Boulder-based Zayo Group Holdings (NYSE: ZAYO) to be bought out by global investment firms Digital Colony and EQT Partners. The deal, approved by the FCC on Feb. 6, includes Zayo Holdings Inc. and its subsidiaries Zayo Group, Electric Lightwave, and Allstream Business US. After some mystery over who Zayo would sell to, the company announced the deal would be with Digital Colony Partners and EQT Fund Management for $14.3 billion, or $35 a share.
The move will enable Zayo Group (ZAYO) to provide high-quality connectivity to support the seamless transition of enterprise and mobile carrier customers to 5G technology.
While Verizon (VZ) records healthy top-line growth driven by wireless strength, Woodwards (WWD) registers higher revenues due to healthy market fundamentals in the Aerospace segment.
Zayo Group Holdings, Inc. ("Zayo") (NYSE: ZAYO), which provides mission-critical bandwidth to the world’s most impactful companies, today announced the completion of its acquisition by affiliates of Digital Colony Partners ("Digital Colony") and the EQT Infrastructure IV fund ("EQT" or "EQT Infrastructure"). The close marks the consummation of the $14.3 billion transaction, which represents the largest syndicated private equity investment, the fifth largest Media & Communications LBO and the second largest LBO overall since 2008.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Zayo Group Holdings (ZAYO) has the potential for further price appreciation and looks poised to touch new highs in 2020 on the back of healthy growth dynamics.
No Rebound to This Morning’s Selloff
The long-term lease agreement with Zayo (ZAYO) will help DPS to save operating costs for similar Internet connection from third-party service providers.