Shearman & Sterling Advises on Bank/Bond Financing for Zayo’s Acquisition of Above Net

Shearman & Sterling represented Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Suntrust Robinson Humphrey, Inc., UBS Securities LLC, RBC Capital Markets and Goldman Sachs Bank USA as arrangers in connection with a $1.62 billion term loan and a $250 million revolving credit facility related to the acquisition of Above Net, Inc. by Zayo Group, LLC.

In connection with this transaction, a Shearman & Sterling team also represented Morgan Stanley & Co. LLC, Barclays Capital Inc., SunTrust Robinson Humphrey, Inc., UBS Securities LLC, Goldman, Sachs & Co. and RBC Capital Markets, LLC in connection with the $750 million senior secured first-priority notes offering and the $500 million senior unsecured notes offering by Zayo Group, LLC and Zayo Capital, Inc.

The Shearman & Sterling team included partners Maura O’Sullivan (New York-Finance), Michael Benjamin (New York-Capital Markets), Robert Roberts (New York-Capital Markets), and Don Lonczak (Washington, DC-Tax); of counsel James Scott (New York-Capital Markets); counsel Robert Fagiola (New York-Real Estate); and associates Zheng Bao (Palo Alto-Intellectual Property Transactions), Brian Calandra (New York-Capital Markets), Judy Fisher (Washington, DC-Tax), Matthew Gautier (New York-Finance), Fraser Hartley (New York-Capital Markets), Alexander Heckscher (New York-Finance), Lesley Janzen (New York-Capital Markets), Derek Kershaw (New York-Tax), Laura Mulry (New York-Real Estate), Jack Prytherch (New York-Capital Markets), Warda Shazadi (New York-Real Estate) and Veronica Wissel (New York-Executive Compensation & Employee Benefits).

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