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 Shearman & Sterling team included partners Maura O’Sullivan (New York-Finance), Patrick Flanagan (New York-Finance), and Douglas McFadyen (New York-Tax); of counsel James Scott (New York-Capital Markets) and Danforth Newcomb (New York-Litigation); counsel Ilir Mujalovic (New York-Capital Markets); and associates Matthew Gautier (New York-Finance), Jamal Al-Haj (New York-Finance), Nathan Mee (San Francisco-Capital Markets), Diana Berisha (New York-Capital Markets) and Daniel Yao (New York-Corporate).