Fiber Firm Zayo Gets Creditor Support to Extend Debt to 2030

Zayo Group Holdings Inc., a fiber network company, has reached an agreement with its creditors to extend the maturity of its debt to 2030. This move will provide the company with more financial flexibility and stability as it continues to operate its fiber network infrastructure. The deal was supported by a majority of Zayo's creditors, who agreed to the extended debt maturities. This will allow Zayo to focus on its core business and continue investing in the expansion and maintenance of its fiber network, which is crucial for the growing demand for high-speed internet and data connectivity. The agreement comes at a time when the telecommunications industry is facing various challenges, including the need for increased investment in infrastructure to keep up with technological advancements. By securing this deal, Zayo is positioning itself to navigate these challenges more effectively and provide reliable fiber-optic services to its customers.