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Uniti Group Inc. Completes Inaugural Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-30 21:15
LITTLE ROCK, Ark., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that Kinetic ABS Issuer LLC, a limited-purpose, bankruptcy remote subsidiary of Uniti (the “Issuer”), has completed an inaugural offering of $960,100,000 aggregate principal amount of secured fiber network revenue term notes (the “Notes”). The Notes have an anticipated repayment date in February 2031. The Notes are secured by certain residential fiber network assets and rela ...
Uniti Group Inc. To Report Fourth Quarter and Full Year 2025 Financial Results and Host Conference Call
Globenewswire· 2026-01-26 21:15
LITTLE ROCK, Ark., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and full year 2025 financial results prior to the opening of trading on the Nasdaq Stock Exchange on March 2, 2026. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti’s Investor Relations website at investor.uniti.com. Those parties interested in participating via tel ...
HONEYWELL ANNOUNCES CFO, BUSINESS UNIT LEADERS FOR HONEYWELL AEROSPACE
Prnewswire· 2026-01-22 21:00
Core Viewpoint - Honeywell Aerospace is set to become an independent, publicly traded company in the second half of 2026, with a projected sales figure exceeding $15 billion for 2024, positioning it as one of the largest pure-play aerospace suppliers globally [5][6]. Leadership Appointments - Josh Jepsen will assume the role of Chief Financial Officer of Honeywell Aerospace starting February 23, 2026, bringing extensive experience from his previous position at Deere & Company [1]. - Bob Buddecke has been appointed President and Chief Executive Officer of Electronic Solutions, leveraging over 27 years of experience at Honeywell [2]. - Dave Marinick will take on the role of President and Chief Executive Officer of Engines & Power Systems, with a background of more than 37 years at Honeywell [3]. - Rich DeGraff will serve as President and Chief Executive Officer of Control Systems, contributing over 17 years of experience at Honeywell [4]. Strategic Focus - The leadership team will report to Jim Currier, who has been designated as the President and CEO of Honeywell Aerospace, aiming to sharpen strategic focus and align leadership with core technology platforms [4][6]. - The spin-off is expected to enhance Honeywell Aerospace's ability to capitalize on long-term growth trends in the aerospace and defense industry [5]. Business Units Overview - Honeywell Aerospace will consist of three main business units: - Electronic Solutions (ES), which provides integrated avionics, navigation, sensors, and space solutions [7]. - Engines & Power Systems (E&PS), focusing on propulsion systems and electric power solutions [7]. - Control Systems (CS), delivering mission-critical thermal and motion control systems for various aircraft [7]. Spin-off Details - The spin-off of Honeywell Aerospace is on track for completion in the second half of 2026, contingent upon customary conditions including regulatory approvals [6][8].
Uniti Group Inc. Announces Pricing of $960.1 Million Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-15 22:30
LITTLE ROCK, Ark. , Jan. 15, 2026 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that Kinetic ABS Issuer LLC, a limited-purpose, bankruptcy remote subsidiary of Uniti (the “Issuer”), has priced its offering of $960,100,000 aggregate principal amount of secured fiber network revenue term notes, consisting of $677,710,000 5.219% Series 2026-1, Class A-2 term notes, $112,960,000 5.561% Series 2026-1, Class B term notes and $169,430,000 7.653% Series 2026-1 ...
Uniti Group price target raised to $7 from $6 at Barclays
Yahoo Finance· 2026-01-14 14:16
Group 1 - Barclays raised the price target on Uniti Group (UNIT) to $7 from $6 while maintaining an Equal Weight rating on the shares [1] - The firm adjusted ratings and targets within the real estate investment trust (REIT) sector as part of its 2026 outlook [1] - Barclays sees the most upside in apartments, storage, and single-family rentals for 2026, while being least positive on cold storage and retail [1] Group 2 - Barclays remains Neutral on REITs overall for 2026 [1]
Uniti Wholesale Adds 1,100 Miles to Its South-Central U.S. Fiber Network to Meet AI Demand
Globenewswire· 2026-01-13 14:00
Core Insights - Uniti Wholesale has announced a significant expansion of its dark fiber network in the South-Central United States, supported by a 20-year customer contract valued at over $500 million [1][2] - The expansion will add 1,100 route miles of ultra high-capacity fiber and enhance over 20 colocation sites, facilitating connections between Tier-1 markets and emerging AI hubs [1][4] Infrastructure Expansion - The initiative aims to address the increasing demand for low-latency, scalable infrastructure as AI applications transition to real-world deployment [2][4] - The first phase includes a 337-mile fiber build from Tulsa to Little Rock and a 145-mile route connecting Little Rock to Memphis, with further phases planned throughout 2026 and 2027 [3][4] Strategic Focus - The expansion is designed to provide massive scalable capacity and resilient performance for hyperscalers and AI innovators, positioning Uniti as a key infrastructure partner [2][4] - The company emphasizes its commitment to delivering innovative and reliable solutions to meet the evolving needs of its customers in the fiber industry [4][5] Capacity and Connectivity - The addition of 1,100 route miles will support multi-terabit growth and future-proof network expansion [7] - New routes will connect Dallas to rapidly growing AI data center markets, enhancing connectivity across multiple locations including Memphis, Little Rock, and Amarillo [7]
Uniti Group Inc. Announces Launch of Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-08 15:13
Core Viewpoint - Uniti Group Inc. has announced an offering of $960,100,000 in secured fiber network revenue term notes, with an anticipated repayment date in February 2031, secured by residential fiber network assets in several states [1][2]. Group 1: Offering Details - The offering includes $960,100,000 aggregate principal amount of secured fiber network revenue term notes [1]. - The notes are expected to be secured by residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio, and Texas [1]. - The Issuer plans to enter into a $150,000,000 variable funding note facility and a liquidity funding note facility to support the transaction [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, which may include capital expenditures and repayment of outstanding debt [3]. Group 3: Regulatory Information - The notes will not be registered under the Securities Act of 1933 and will only be offered to qualified institutional buyers [4].
Despite Fast-paced Momentum, Uniti (UNIT) Is Still a Bargain Stock
ZACKS· 2025-12-22 14:56
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Investors are attracted to fast-moving stocks, but determining the right entry point can be challenging [2] - Stocks may lose momentum if their future growth does not justify high valuations, leading to potential downside risks [2] - Investing in bargain stocks with recent price momentum may be a safer strategy [3] Group 2: Uniti Group (UNIT) Analysis - Uniti Group has shown a price increase of 19.2% over the past four weeks, indicating growing investor interest [4] - The stock gained 15% over the past 12 weeks and has a beta of 1.49, suggesting it moves 49% more than the market [5] - UNIT has a Momentum Score of A, indicating a favorable time to invest [6] Group 3: Earnings and Valuation - An upward trend in earnings estimate revisions has contributed to UNIT's Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - UNIT is trading at a Price-to-Sales ratio of 0.65, indicating it is relatively cheap at present [7] - The stock has significant potential for further price appreciation while maintaining fast-paced momentum [8]
Kinetic Launches Nationwide Giving Campaign with Over a Dozen Local Impact Initiatives
Globenewswire· 2025-12-22 14:30
Core Insights - Kinetic has launched its 2025 holiday giving initiatives, demonstrating a strong commitment to community and customer-first values [1] - The company has engaged in various charitable activities, including toy drives, food donations, and volunteer-led events, in collaboration with local organizations [2] - Kinetic's initiatives reflect the unique needs of the communities it serves, emphasizing a local approach to customer engagement [2][3] Community Engagement - Kinetic's regional teams have mobilized to support local organizations such as the Salvation Army and United Way, participating in 13 initiatives across multiple states [2][3] - The company's Chief Marketing Officer highlighted the importance of being more than just a network provider, aiming to be a neighbor and friend in the communities served [3] Future Commitment - Kinetic is committed to expanding its footprint in fiber internet and enhancing customer service and community connections as it looks ahead to 2026 [4] - The Kinetic Kindness holiday events are positioned as a movement rather than a one-time effort, reinforcing the company's dedication to community-rooted service [4] Company Overview - Kinetic is a business unit of Uniti, providing multi-gigabit fiber internet and related services across 1,400 markets in 18 states in the U.S. [6]
Uniti Receives Three Accolades for Its Commitment to Hiring Veterans
Globenewswire· 2025-12-09 14:30
Core Insights - Uniti has been recognized for its commitment to hiring and retaining military veterans, receiving multiple awards for its initiatives [2][4][3] Group 1: Awards and Recognitions - Uniti received the platinum 2025 HIRE Vets Medallion Program Award from the U.S. Department of Labor, marking the eighth consecutive year of recognition and the fifth year receiving the platinum medallion [3] - The company has been named a Top Veteran Employer by U.S. Veterans Magazine for 2025, achieving this distinction for the ninth consecutive year [4] - Uniti made the Military Times Best for Vets list for the ninth time in 2025, highlighting its ongoing support for veterans and military families [4] Group 2: Commitment to Veterans - The company emphasizes the importance of veterans and their spouses as "force multipliers" in delivering critical communications services [2] - Uniti's initiatives focus on creating meaningful career paths, support, and community for military service members, veterans, and their spouses [2][4] - The Military Times survey, which evaluates employer support for veterans, has been developed in consultation with veterans and experts to ensure comprehensive support [5]