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Zayo unit closes debt offering

Zayo Group HoldingsInc. unit Zayo Group LLC closed its offering of $550 million in 6.375% senior notes due 2025.

The company April 14 said it will use the net proceeds from theoffering and cash on hand to redeem about $326 million of its remaining 10.125%senior notes due 2020, and to repay $197 million of borrowings under its securedterm loan facility.