ZAYO - Zayo Group Holdings, Inc.

NYSE - NYSE Delayed price. Currency in USD
34.91
-0.02 (-0.06%)
At close: 4:00PM EST

34.91 0.00 (0.00%)
After hours: 4:25PM EST

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Previous close34.93
Open34.93
Bid34.91 x 1800
Ask34.92 x 2200
Day's range34.90 - 34.95
52-week range24.20 - 35.00
Volume3,074,422
Avg. volume3,030,937
Market cap8.295B
Beta (5Y monthly)0.69
PE ratio (TTM)47.05
EPS (TTM)0.74
Earnings date05 May 2020 - 10 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est35.00
  • Business Wire

    Front Range BidCo, Inc. Announces Pricing of Offering of $1.50 Billion of Senior Secured Notes and $1.08 Billion of Senior Unsecured Notes in Connection with the Acquisition of Zayo

    Front Range BidCo, Inc. ("Merger Sub") announced today the pricing of its private offering of $1.50 billion aggregate principal amount of 4.000% senior secured notes due 2027 (the "Secured Notes") and $1.08 billion aggregate principal amount of 6.125% senior unsecured notes due 2028 (the "Unsecured Notes" and, together with the Secured Notes, the "Notes"). This represents an increase of $500.0 million in the aggregate principal amount of the Secured Notes, a $500.0 million increase in the aggregate principal amount of the new senior secured credit facilities, and a $1.00 billion decrease in the aggregate principal amount of the Unsecured Notes from previously announced amounts. The Secured Notes will bear interest at 4.000% per annum and will mature on March 1, 2027. The Unsecured Notes will bear interest at 6.125% per annum and will mature on March 1, 2028. Interest on the Notes will be payable semi-annually on March 1 and September 1 of each year, commencing on September 1, 2020.

  • Zayo & Microsoft Team Up to Reduce Rural Digital Disparity
    Zacks

    Zayo & Microsoft Team Up to Reduce Rural Digital Disparity

    Zayo (ZAYO) collaborates with a Microsoft-backed broadband initiative to deploy affordable and seamless Internet connectivity across the rural regions of the United States.

  • Risky Debt is Starting to Look the Same in Junk World
    Bloomberg

    Risky Debt is Starting to Look the Same in Junk World

    (Bloomberg) -- Junk bonds are starting to look a little like leveraged loans in a new sign of investor fever for higher-yielding debt.Private-equity owned companies Zayo Group Holdings Inc. and LifePoint Health Inc. have torn up the rule book when it comes to a high-yield bond structure known as the non-call period, which makes it harder for borrowers to redeem debt early without paying a penalty to investors. Zayo’s planned offering trims the period to just a year, bringing it closer in line to the structure in leveraged loans.Some analysts have sounded the alarm that the deals could set a new precedent in a market that’s seen years of eroding investor protections. Yet demand has stayed strong with orders for Zayo’s $1 billion secured bond swelling to twice that amount before marketing even began on Tuesday, as investors clamor for deals in a market that has been dominated by refinancings.Private equity firms Digital Colony Partners and EQT Partners are funding their purchase of Zayo in one of the biggest buyout financings to hit the junk-debt market in the last 18 months. The loan and bond package totals $8 billion, and the seven-year secured bond may price as soon as Thursday. Barring any changes to the terms, Zayo will be able to repay the debt at 102 cents on the dollar after one year instead of the more typical three to four years.“The price appreciation potential of the high-yield bond market has come down with shorter non-call periods and lower call premiums,” said Bill Zox, chief investment officer for fixed income at Diamond Hill Capital Management. “This structure is another large step in that direction.”Read more: Zayo bond seeks to remove investor protectionsFor issuers, the new structure is a win-win. Not only are they getting the same kind of prepayment flexibility as leveraged loans, which can usually be paid off after six months at no extra charge, but borrowing costs overall are cheaper in junk bonds. Early price discussions on Zayo’s secured bond were for the mid-4% area compared to an all-in yield of about 5% for the loan.Without the shorter call protection, Zayo would have opted for a larger loan instead of the secured bonds, according to people familiar with the matter who asked not to be named discussing a private sale. The people added that a successful Zayo sale may spur more companies to issue secured bonds with similar call structures.LifePoint Health, which was bought by Apollo Global Management in 2018, sold a seven-year secured bond last week that can be repaid after only two years.Other borrowers have also shifted financing toward bonds to get cheaper prices. In January, BC Partners moved about $400 million of debt to bonds from loans for its buyout of Presidio Inc.Representatives for Morgan Stanley, the lead bank on the Zayo bond sale, and EQT declined to comment. Representatives for Credit Suisse, Digital Colony, and Zayo didn’t respond to requests for comment.\--With assistance from Lisa Lee and Gowri Gurumurthy.To contact the reporter on this story: Paula Seligson in New York at pseligson@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Claire BostonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Zayo to Deliver Broadband to Rural Communities with Microsoft Airband

    Zayo Group Holdings, Inc. (NYSE: ZAYO) has signed an agreement with Microsoft Corp. to bring connectivity to underserved, rural communities across the United States as part of the Microsoft Airband Initiative. The initiative partners with Internet Service Providers (ISPs) working on broadband access solutions for rural unserved communities through a mix of technologies that includes TV white spaces (TVWS). As part of the agreement, Zayo will provide backbone fiber solutions via its existing network to ISPs to deliver high speed internet.

  • Business Wire

    Front Range BidCo, Inc. Announces Extension of Expiration Date of its Cash Tender Offers for 6.00% Senior Notes due 2023, 6.375% Senior Notes due 2025 and 5.750% Senior Notes due 2027 of Zayo Group, LLC and Zayo Capital, Inc.

    Front Range BidCo, Inc. (the "Company") announced today that it has extended the Expiration Date (as defined in the Company’s Offer to Purchase and Consent Solicitation Statement dated January 17, 2020 (as amended and supplemented from time to time, the "Statement")) of the Company’s previously announced cash tender offers (the "Offers") in respect of any and all outstanding 6.00% Senior Notes due 2023 (the "2023 Notes"), 6.375% Senior Notes due 2025 (the "2025 Notes") and 5.750% Senior Notes due 2027 (the "2027 Notes," and together with the 2023 Notes and 2025 Notes, the "Notes"), each co-issued by Zayo Group, LLC and Zayo Capital, Inc. (together, the "Co-Issuers"), from 12:00 midnight, New York City time, at the end of the day on February 14, 2020 to 12:00 midnight, New York City time, at the end of the day on February 28, 2020.

  • Business Wire

    Front Range BidCo, Inc. Announces Offering of $1.00 Billion of Senior Secured Notes and $2.08 Billion of Senior Unsecured Notes in Connection With the Acquisition of Zayo

    Front Range BidCo, Inc. ("Merger Sub") announced today the commencement of a private offering of $1.00 billion aggregate principal amount of senior secured notes due 2027 (the "Secured Notes") and $2.08 billion aggregate principal amount of senior unsecured notes due 2028 (together with the Secured Notes, the "Notes"). Merger Sub intends to use the net proceeds from the offering of the Notes as part of the financing for the previously announced acquisition of Zayo Group Holdings, Inc. ("Zayo") by a consortium led by Digital Colony Partners and EQT Infrastructure (the "Merger").

  • Telecom Stock Roundup: Verizon, Woodward's Top Line Increases & More
    Zacks

    Telecom Stock Roundup: Verizon, Woodward's Top Line Increases & More

    While Verizon (VZ) records healthy top-line growth driven by wireless strength, Woodwards (WWD) registers higher revenues due to healthy market fundamentals in the Aerospace segment.

  • Business Wire

    Zayo Chairman and CEO Dan Caruso to Deliver Keynote Presentation at Metro Connect USA 2020

    Zayo Group Holdings, Inc. (NYSE: ZAYO) announced today that Dan Caruso, chairman and CEO, will present at Metro Connect USA 2020 on Tuesday, February 11, 2020. Caruso’s keynote presentation will begin at approximately 9:30 a.m. EST.

  • Zayo Group (ZAYO) Surpasses Q2 Earnings and Revenue Estimates
    Zacks

    Zayo Group (ZAYO) Surpasses Q2 Earnings and Revenue Estimates

    Zayo Group (ZAYO) delivered earnings and revenue surprises of 44.44% and 1.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Zayo Group Holdings, Inc. Reports Financial Results for the Second Fiscal Quarter Ended December 31, 2019

    Zayo Group Holdings, Inc. ("Zayo" or "the Company") (NYSE: ZAYO), a global leader in Communications Infrastructure, announced results for the three months ended December 31, 2019.

  • Business Wire

    Front Range BidCo, Inc. Announces Early Results of its Cash Tender Offers and Related Consent Solicitations for 6.00% Senior Notes due 2023, 6.375% Senior Notes due 2025 and 5.750% Senior Notes due 2027 of Zayo Group, LLC and Zayo Capital, Inc.

    Front Range BidCo, Inc. (the "Company") announced today that, as of 5:00 p.m., New York City time, on January 31, 2020 (the "Early Tender Date"), as reported by the information and tender agent, in connection with the Company’s previously announced cash tender offers (the "Offers") and related consent solicitations (the "Consent Solicitations") in respect of any and all outstanding 6.00% Senior Notes due 2023 (the "2023 Notes"), 6.375% Senior Notes due 2025 (the "2025 Notes") and 5.750% Senior Notes due 2027 (the "2027 Notes," and together with the 2023 Notes and 2025 Notes, the "Notes"), each co-issued by Zayo Group, LLC and Zayo Capital, Inc. (together, the "Co-Issuers"), it had received tenders and consents from holders of (i) approximately $1,279,830,000 aggregate principal amount, or 89.50%, of the outstanding 2023 Notes, (ii) approximately $862,783,000 aggregate principal amount, or 95.86%, of the outstanding 2025 Notes, and (iii) approximately $1,615,115,000 aggregate principal amount, or 97.89%, of the outstanding 2027 Notes.

  • Zayo (ZAYO) to Report Q2 Earnings: What's in the Offing?
    Zacks

    Zayo (ZAYO) to Report Q2 Earnings: What's in the Offing?

    Zayo's (ZAYO) fiscal second-quarter performance is likely to have benefited from its multi-site data center portfolio and ability to customize solutions.

  • Business Wire

    Zayo To Release Second Quarter Fiscal Year 2020 Earnings Results on February 4, 2020

    Zayo Group Holdings, Inc. (NYSE: ZAYO) will release its second quarter fiscal year 2020 earnings results for the quarter ended December 31, 2019 on Tuesday, February 4, 2020 after market close. An earnings presentation that summarizes the financial, operational and commercial highlights of the quarter and supplemental materials will be made available through the Investor Relations section of the Company’s website at investors.zayo.com.

  • Business Wire

    Front Range BidCo, Inc. Commences Cash Tender Offers and Related Consent Solicitations for 6.00% Senior Notes due 2023, 6.375% Senior Notes due 2025 and 5.750% Senior Notes due 2027 of Zayo Group, LLC and Zayo Capital, Inc.

    Front Range BidCo, Inc. (the "Company") announced today that it has commenced cash tender offers for any and all of the outstanding 6.00% Senior Notes due 2023 (the "2023 Notes"), 6.375% Senior Notes due 2025 (the "2025 Notes") and 5.750% Senior Notes due 2027 (together with the 2023 Notes and 2025 Notes, the "Notes"), each co-issued by Zayo Group, LLC and Zayo Capital, Inc. (together, the "Co-Issuers"), upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated the date hereof (as it may be amended or supplemented from time to time, the "Statement"), and in the related Consent and Letter of Transmittal (as it may be amended or supplemented from time to time, and collectively with the Statement, the "Offer Documents") (each offer to purchase a series of Notes, an "Offer" and collectively, the "Offers"). In connection with the Offers, and on the terms and subject to the conditions set forth in the Offer Documents, the Company is soliciting consents of holders of each series of Notes (collectively, the "Consent Solicitations") to authorize the elimination of substantially all of the restrictive covenants, certain reporting obligations, certain events of default and related provisions contained in the applicable indenture governing such Notes (the "Proposed Amendments"). Holders may not tender their Notes without delivering their consents to the Proposed Amendments and may not deliver consents to the Proposed Amendments without tendering their related Notes. A valid withdrawal of tendered Notes at or before the Withdrawal Deadline (as defined hereinafter) will constitute the valid revocation of consents.

  • Zayo Boosts DPS Connectivity With High-Capacity Fiber Network
    Zacks

    Zayo Boosts DPS Connectivity With High-Capacity Fiber Network

    The long-term lease agreement with Zayo (ZAYO) will help DPS to save operating costs for similar Internet connection from third-party service providers.

  • Business Wire

    Zayo Enables Denver Public Schools to Increase School Bandwidth by 500%

    Denver Public Schools (DPS) in partnership with Zayo Group Holdings, Inc. (NYSE: ZAYO) has completed implementation of a dark fiber private network across its district. The high-capacity fiber network spans more than 600 route miles of fiber, which included more than 50 route miles of new build to reach 132 schools. The dark fiber network provides DPS with increased capacity, improved reliability and a more cost-effective solution.

  • Zacks

    No Rebound to This Morning’s Selloff

    No Rebound to This Morning’s Selloff

  • Zayo (ZAYO) Hits 52-Week High on Healthy Growth Dynamics
    Zacks

    Zayo (ZAYO) Hits 52-Week High on Healthy Growth Dynamics

    Zayo Group Holdings (ZAYO) has the potential for further price appreciation and looks poised to touch new highs in 2020 on the back of healthy growth dynamics.

  • Telecom Stock Roundup: Verizon Reaches 5G Target, Vodafone-Nokia Deal & More
    Zacks

    Telecom Stock Roundup: Verizon Reaches 5G Target, Vodafone-Nokia Deal & More

    While Verizon (VZ) beats its 5G coverage target for 2019, Vodafone inks a deal with Nokia (NOK) to deploy 5G services in Australia.

  • Zacks

    A Fantastic Finish

    A Fantastic Finish

  • Zayo Boosts Montreal-Albany Dedicated Network Connectivity
    Zacks

    Zayo Boosts Montreal-Albany Dedicated Network Connectivity

    The move will enable Zayo Group (ZAYO) to provide high-quality connectivity to support the seamless transition of enterprise and mobile carrier customers to 5G technology.

  • How Has ZAYO Performed 30 Days Post Earnings
    Zacks

    How Has ZAYO Performed 30 Days Post Earnings

    Zayo Group (ZAYO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Bearish Trends Hurt Communication Infrastructure Outlook
    Zacks

    Bearish Trends Hurt Communication Infrastructure Outlook

    Bearish Trends Hurt Communication Infrastructure Outlook

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