Getting your player ready...
The value of Louisville-based Zayo Group’s recently announced acquisition of 360networks is $345 million, according to regulatory documents filed Thursday, the Daily Camera reported.
The Zayo Group LLC, a provider of fiber- bandwidth and other telecom services, is raising $295 million of senior secured debt to help fund the transaction, officials disclosed in a Securities and Exchange Commission filing. Zayo officials also will use a short-term $60 million bridge loan — financed by Royal Bank of Canada, Barclays Capital Inc. and SunTrust Bank Inc. — to fund the remainder of the purchase.
