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.

Nachrichtenquelle: Business Wire (engl.)
15.02.2020, 00:13  |  116   |   |   

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.

The Offers are being made upon the terms and subject to the conditions set forth in the Statement, as amended by this press release dated February 14, 2020. The deadline to validly withdraw tenders of Notes was 5:00 p.m., New York City time, on January 31, 2020; therefore, Notes that have been tendered and not validly withdrawn, and Notes tendered after that date, may not be withdrawn unless otherwise required by applicable law. As of the date of this press release, (i) approximately $1,280.3 million aggregate principal amount, or 89.5%, of the outstanding 2023 Notes, (ii) approximately $868.1 million aggregate principal amount, or 96.5%, of the outstanding 2025 Notes, and (iii) approximately $1,629.1 million aggregate principal amount, or 98.7%, of the outstanding 2027 Notes have been tendered pursuant to the Offers.

Holders who had validly tendered Notes at or before 5:00 p.m. (New York City time) on January 31, 2020 (the “Early Tender Date”) will be eligible to receive the total consideration equal to $1,020.00 per $1,000.00 principal amount of Notes purchased pursuant to the Offers, plus accrued and unpaid interest from the last interest payment date up to but not including the final payment date (the “Total Consideration”). Holders who tender their Notes after the Early Tender Date and at or prior to the Expiration Date, and whose Notes are accepted for purchase, will be eligible to receive the tender offer consideration equal to $990.00 per $1,000.00 principal amount of Notes purchased pursuant to the Offers, plus accrued and unpaid interest from the last interest payment date up to but not including the final payment date.

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