On July 1, 2014 Zayo acquired Neo Telecoms (“Neo”), a Paris-based Bandwidth Infrastructure company. The acquisition adds many route miles of Dark Fiber and more than 500 on-net buildings to Zayo’s network. Neo also operates 9 colocation centers across France, offering more than 36,000 square feet of data center space. The Paris and regional network throughout France will be integrated into Zayo’s existing European network connecting London, Frankfurt and Amsterdam and the U.S.
On May 16, 2014, Zayo acquired Geo Networks Ltd (“Geo”)", a London-based dark fiber provider. Geo owns and operates a high-capacity fiber network in the UK, providing managed networks, dark fiber and co-location services. The Geo acquisition will significantly increase Zayo’s fiber footprint in the UK, adding over 1,800 miles of national fiber connecting 130 data centers, telehouses and key internet exchanges. It also will provide direct access to major cities including Manchester, Birmingham and other significant commercial regions. In addition to enhancing Zayo’s UK network, Geo’s fiber enables Zayo to establish a presence in Ireland through the diverse optical fiber subsea system, East-West Ring, providing diverse connectivity to Dublin, a strategic hub for data centers and cloud service providers.
In March, zColo, the colocation division of international Bandwidth Infrastructure provider Zayo Group, LLC (“Zayo”), acquired CoreXchange, Inc., a data center, bandwidth and managed services provider in Dallas, Texas. The purchase adds one new data center, located at 8600 Harry Hines Blvd, to the zColo portfolio. In addition, zColo will secure an additional 12,000 square feet in CoreXchange’s suite at its existing data center in the Dallas Infomart at 1950 N. Stemmons Freeway.The acquisition yields over 18,000 square feet of total data center space and brings zColo’s national data center count to 27 locations. As a part of the acquisition, Zayo will also assume ownership of ColoUnlimited, CoreXchange’s online presence that facilitates simple, real-time online sales and ordering of colocation services.
In May, Zayo successfully completed the amendment of its credit agreement, including a $275 million add-on to its term loan facility. The $1.74 billion term loan facility was increased by the $275 million to $2.015 billion. A portion of the offering proceeds were used to repay Zayo’s $150 million of borrowings on its revolving credit facility, which was drawn to help fund its previously announced acquisition of Geo Networks Ltd. The remaining proceeds will be used to fund the acquisition of Neo Telecoms Group, which is expected to close on July 1, 2014.