Zayo secures debt commitments for $345 million 360networks purchase

By Susanna Moon

Chicago, Oct. 13 - Zayo Group, LLC obtained a debt commitment letter for its acquisition of 360networks Holdings (USA) Inc. for a purchase price of $345 million, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into a stock purchase agreement on Oct. 6 with 360 Networks Corp., 360 Networks (fiber holdco) Ltd. and 360 Networks (fiber subco) Ltd. to acquire 100% of the outstanding capital stock of 360networks.

Zayo is a Louisville, Colo.-based provider of telecom and internet infrastructure services, including bandwidth infrastructure and network neutral colocation.

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