Zayo Levers Up

Zayo Bandwidth, a Louisville, Colo.-based regional provider of fiber-based network services, has secured an $85 million debt facility. CIT Group led the deal, with CoBank and Hercules Technology Growth Capital also serving as co-sponsors. The deal comes on the heels of Zayo's recent acquisition of Minneapolis-based telecom provider Onvoy Inc., which had been backed by TowerBrook Capital Partners.

Zayo earlier this year had secured access to $225 million in private equity funding, from firms like Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures.