Shearman And Sterling

News January 23, 2015

Shearman & Sterling Advises on Bank/Bond Financing for Zayo's Acquisition of Latisys

Shearman & Sterling represented Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Barclays Bank PLC, Royal Bank of Canada, SunTrust Robinson Humphrey, Inc. and Sun Trust Bank as arrangers in connection with commitments for a $500 million bridge loan facility related to the acquisition of all of the equity interest of the subsidiaries of Latisys Holdings, LLC by Zayo Group, LLC.

In connection with this transaction, a Shearman & Sterling team also represented Goldman, Sachs & Co., Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, and SunTrust Robinson Humphrey, Inc. in connection with the offering of $700 million 6.00% Senior Notes due 2023 by Zayo Group, LLC and Zayo Capital, Inc.

Zayo Group provides comprehensive bandwidth infrastructure services in over 300 markets throughout the US and Europe. Latisys is a provider of hybrid Infrastructure-as-a-Service services including cloud hosting, managed hosting and data center colocation.

The Team