Fiber Firm Zayo Gets Creditor Support to Extend Debt to 2030

Zayo Group Holdings Inc. and creditors have agreed on a deal that would extend the fiber network company’s debt maturities to 2030.

Those holding more than 95% of outstanding term loans and unsecured and secured notes have entered a transaction support agreement, Zayo said in a statement Thursday. Exchange offers are planned to implement the extension. Further details weren’t disclosed.

Bloomberg News reported last month Zayo was nearing a tentative deal that entailed partial payments to lenders of a nearly $5 billion secured loan due 2027 while unsecured creditors would receive a coupon bump in return for a maturity extension. ...