Zayo Group, LLC -- Moody's affirms Zayo's B2 rating following add-on announcement

New York, March 04, 2015 -- Moody's Investors Service (Moody's) has affirmed the B2 corporate family rating (CFR) and Caa1 senior unsecured notes rating of Zayo Group LLC ("Zayo" or "the company") following its announced proposal to issue $730 million of additional senior unsecured notes. The net proceeds of the offering will fund the redemption of $675 million 8.125% senior secured notes due January 1, 2020, including redemption costs and fees. Any excess net proceeds will be used for general corporate purposes, which may include repayment of indebtedness, acquisitions, working capital and capital expenditures.

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