Zayo has announced plans to utilize asset-backed securitization, issuing notes worth over $1.4 billion secured by fiber infrastructure and long-term customer contracts. This funding method allows Zayo to borrow at favorable rates while enhancing its balance sheet. The CFO stated the funds will support investments in their network and fiber products targeting a diverse customer base. The structured notes will comprise three classes with different interest rates, and Zayo has previously benefited from government funding for deploying fiber networks.
Zayo plans to issue asset-backed securitization valued at over $1.4 billion to secure funding for its fiber infrastructure and long-term contracts in the Northeast.
The ABS financing will enhance Zayo's balance sheet and support investments in business and network, focusing on fiber products for a diverse customer base.
The ABS transaction is a favorable financing method, allowing companies to borrow at lower rates by securing funds with valuable assets and low-risk contracts.
Zayo has been successful in securing government funding to deploy fiber networks and is set to issue three classes of ABS-backed notes.
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