Zayo’s $1.42B Fiber Securitization Wins IFR Deal of the Year
Event summary
- Zayo’s inaugural $1.42B fiber securitization in January 2025 earned IFR’s North America ABS Issue award.
- The transaction was secured by enterprise fiber assets and long-term customer contracts in the Northeast U.S.
- Zayo’s ABS offering attracted investor demand 10x larger than the issuance size.
- Zayo completed three ABS transactions in 2025, raising a total of ~$3.8B.
The big picture
Zayo’s fiber securitization marks a strategic shift in financing for communications infrastructure, leveraging stable enterprise cash flows to access long-term capital. The deal’s success highlights the growing appeal of ABS structures in the fiber sector, particularly for mission-critical assets. With $3.8B raised in 2025, Zayo is positioning itself to scale investments ahead of demand, setting a precedent for the industry.
What we're watching
- Financing Strategy
- How Zayo’s repeatable securitization program will impact its long-term capital structure and investment capacity.
- Market Dynamics
- Whether the success of Zayo’s ABS transactions will encourage other fiber providers to enter the securitization market.
- Investor Confidence
- The pace at which Zayo can maintain strong investor demand for future ABS issuances.
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