Co-issuers U.S. regional fiber-based telecom infrastructure and neutral colocation provider Zayo Group LLC's and Zayo Capital Inc. are tacking on $100 million to their $250 million 10.25% senior secured first-priority notes due 2017. We are also affirming all ratings on parent Zayo Group, including the 'B' corporate credit rating. The stable outlook reflects the company's position as a niche operator within the regional-based telecom network sector with what we consider to be a highly leveraged financial policy. On Sept. 13, 2010, Standard&Poor's Ratings Services affirmed its 'B-' issue-level rating on Louisville, Colo.-based Zayo Group LLC's (Zayo) $350 million 10.25% senior secured first-priority notes due 2017 following a $100 million tack-on. At the same time, we affirmed the 'B'
