Zayo Closes Amend and Extend Transaction Backed by Broad Investor Participation

Confidence from financing partners underscores Zayo?s strategy and long-term growth trajectory

DENVER--(BUSINESS WIRE)-- Zayo, a leading communications infrastructure provider, today announced the successful closing of its previously announced Amend and Extend transaction, extending the Company?s corporate debt maturities to 2030 with over 99.8% of existing creditor participation. This transaction capitalizes on strong market fundamentals and investor confidence in Zayo?s core underlying business, as demonstrated through significant maturity extension and deleveraging.

Transaction highlights

• Extends Maturities: 2027 secured debt maturities extended 3 years to March 2030; 2028 unsecured debt maturities extended 2.5 years to September 2030
• Reduces Debt: $2.0 billion paydown of secured debt at closing using proceeds from prior Zayo ABS issuances
• Solidifies Path for Future Refinancings: Debt instruments agreements provide path for future ABS issuances with proceeds used to repay existing debt

?This transaction is about more than extending maturities, it?s about giving Zayo the capacity to execute,? said Steve Smith, Chief Executive Officer. ?Our team delivered on a complex process with strong investor backing, and now we?re positioned to serve customers and continue building the infrastructure that will carry the next decade of digital and AI-driven demand.?

Today?s closing, along with Zayo?s third ABS issuance of 2025 announced September 22, demonstrates the company?s proactive approach to strengthening its capital structure and positions Zayo to accelerate its long-term growth strategy.

?Closing this transaction is an important step in strengthening Zayo?s financial foundation,? said Jeff Noto, Chief Financial Officer. ?The level of support we saw from our financing partners shows confidence in our strategy and long-term growth trajectory. I want to thank our lenders and stakeholders for their engagement throughout this process. With this added financial flexibility, we are well-positioned to keep investing in our network, delivering for customers, and meeting the growing demand for critical fiber infrastructure in the AI age.?

About the transaction support agreement

Zayo initially announced entry into the TSA on August 14, 2025, with support from creditors holding over 95% of outstanding Term Loans, Secured Notes, and Unsecured Notes, and indicated it would implement the transaction through exchange offers and related amendments. Following the successful solicitation of additional support from nearly all remaining holders of Term Loans, Secured Notes, and Unsecured Notes, today?s closing completes that process.

About Zayo

For more than 17 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 19.1 million fiber miles and 147,000 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.

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Source: Zayo