Zayo to Initiate Amend and Extend Transaction to Strengthen Financial Position, Accelerate Growth and Invest in Network Expansion

Zayo, a leading communications infrastructure provider, announced it has entered into a transaction support agreement (“TSA”), dated as of July 22, 2025, with creditors holding collectively over 95% of outstanding Term Loans, Secured Notes, and Unsecured Notes issued by Zayo Group Holdings, Inc. to amend certain terms and extend maturities to 2030. To implement the transactions contemplated by the TSA, Zayo will commence a series of exchange offers with respect to these debt instruments subject to finalization of the definitive documentation.

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The transactions contemplated by the TSA provide increased financial flexibility to support Zayo’s continued investment in its network to meet growing customer demand driven by AI.

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Jeff Noto, Chief Financial Officer at Zayo, said of the transaction:

“We are making important progress executing on our strategic plans and positioning Zayo as a leader in delivering purpose-built long-haul routes that are critical to the next generation of AI-enabled technologies. Building on our pending Crown Castle Fiber acquisition, the steps we are taking will strengthen our financial position and support our ability to meet the accelerating demand for critical fiber infrastructure in the AI age. With flexibility to pursue future alternative sources of financing, such as asset-backed securitization and project financing, we’ll be better able to invest in network growth and support our customers’ growing connectivity needs. We appreciate the support of our lenders and other financial stakeholders and look forward to solidifying our position in the digital infrastructure economy for years to come.”