Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan - S&P Global Ratings’ Credit Research

Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan

Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan - S&P Global Ratings’ Credit Research
Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan
Published Nov 21, 2013
1299 words — Published Nov 21, 2013
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Abstract:

Louisville, Colo.-based Zayo Group LLC has announced a $150 million add-on to its term loan B. The 'B' issue rating and '4' recovery rating on the loan remain unchanged following the add-on. NEW YORK (Standard&Poor's) Nov. 21, 2013--Standard&Poor's Ratings Services ratings today said its 'B' issue rating and '4' recovery rating on Louisville, Colo.-based Zayo Group LLC's term loan remain unchanged following the announced $150 million add-on to the loan. The '4' recovery rating indicates our expectation for average (30%-50%) recovery of principal in the event of default. Standard&Poor's has reviewed all its ratings on Zayo Group LLC, which it labeled as "under criteria observation" (UCO) after the publishing of its revised corporate criteria

  
Brief Excerpt:

RESEARCH Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan Publication date: 21-Nov-2013 Primary Credit Analyst: Michael Weinstein, CFA, New York (1) 212-438-4681; michael.weinstein@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Issuer
Zayo Group LLC
GICS
Alternative Carriers (50101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan" Nov 21, 2013. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Zayo-Group-LLC-Ratings-Unchanged-Following-150-Million-Add-On-To-Term-Loan-1220284>
  
APA:
S&P Global Ratings’ Credit Research. (). Zayo Group LLC Ratings Unchanged Following $150 Million Add-On To Term Loan Nov 21, 2013. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Zayo-Group-LLC-Ratings-Unchanged-Following-150-Million-Add-On-To-Term-Loan-1220284>
  
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