NEW YORK (S&P Global Ratings) May 9, 2019---S&P Global Ratings said today that the ratings on Zayo Group LLC's (B+/Watch Neg/--) are unchanged following the company's recent announcement that it had signed a definitive agreement to be acquired by affiliates of Digital Colony Partners and EQT Infrastructure in a take-private transaction. Under the terms of the agreement shareholders will receive $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo's net debt obligations. The offer price represents a 32% premium to the volume-weighted price average of the past six months of $26.44. The take-private transaction could result in adjusted debt to EBITDA rising above 6.5x, the
