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Uniti Group Inc. to Participate at the Deutsche Bank 33rd Annual Leveraged Finance Conference
Globenewswire· 2025-10-09 20:15
Core Insights - Uniti Group Inc. announced participation in the Deutsche Bank 33rd Annual Leveraged Finance Conference on October 14, 2025, with CFO Paul Bullington and Kinetic President John Harrobin attending [1] Company Overview - Uniti is a premier insurgent fiber provider focused on enabling mission-critical connectivity across the United States, serving over a million consumers and businesses [2] - The company operates under various brands, including Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions [2]
FCP PROVIDES $47.1 MILLION IN CAPITAL FOR 553-UNIT, GROCERY-ANCHORED, LUXURY APARTMENTS IN ARLINGTON, VA
Prnewswire· 2025-10-09 13:16
Core Insights - FCP® has provided $47.1 million in capital for the construction of a mixed-use development featuring 553 luxury apartments and a grocery store in Ballston, Virginia [1][2] - The project, named Mira and Ador, is being developed by Insight Property Group in partnership with PGIM's real estate business [1][2] - The development aims to enhance the residential and retail landscape of Ballston, providing exceptional access to amenities and transportation [2] Financial Details - The total investment for the project includes a preferred equity investment arranged by Berkadia DC Metro and a senior loan arranged by Cushman & Wakefield [3] - FCP has invested over $14.6 billion in gross asset value since its inception in 1999, focusing on both commercial and residential assets [4] Project Specifications - Mira and Ador will consist of two 16-story towers, with 12 units designated as affordable at 80% of AMI [2] - The buildings are designed to meet LEED Gold certification standards and will offer unique amenities tailored to different resident experiences [2] Developer and Partners - Insight Property Group has unlocked over $2.0 billion in investment opportunities since its founding in 2009, focusing on multifamily and mixed-use properties in the D.C. area [5] - PGIM, managing over $1.44 trillion in assets, is the third-largest real estate investment manager globally, with a strong focus on delivering diverse investment strategies [8]
Uniti Group launches $250M fiber network secured notes offering (NASDAQ:UNIT)
Seeking Alpha· 2025-10-06 13:18
Group 1 - The article does not provide any specific content or key points related to a company or industry [1]
Kinetic Completes $3 Million Fiber Internet Expansion in China Grove
Globenewswire· 2025-10-02 13:30
Core Insights - Kinetic has completed a $3 million fiber network expansion project in China Grove, providing multi-gig internet speeds to an additional 3,060 locations [1][2] - The project aims to enhance connectivity, support local economic growth, and improve the quality of life for residents [3][4] Company Commitment - The project was fully funded by Kinetic, highlighting the company's dedication to high-quality connectivity [2] - Kinetic emphasizes its role as a long-term partner in the community, aiming to create digital equity and bridge the digital divide [5] Economic Impact - Communities with fiber internet experience significant benefits, including 213% higher business growth, 10% higher self-employment rates, and a 14-17% increase in home values [4] - The expansion is expected to bolster local businesses, enhance educational opportunities, and improve access to telehealth services [5][9] Service and Customer Engagement - Kinetic is committed to customer satisfaction, actively monitoring service performance and encouraging user feedback for improvements [6] - The company is also hiring in the communities it serves, indicating growth and investment in local employment [6] Community Recognition - China Grove is now recognized as a 'Gig-Ready' community, with over 75% of the town having access to Kinetic's Next Generation Gigabit Internet [3]
Uniti Group Inc. To Report Third Quarter 2025 Financial Results and Host Conference Call
Globenewswire· 2025-09-30 20:15
Core Points - Uniti Group Inc. will report its third quarter 2025 financial results on November 4, 2025, before the market opens [1] - A conference call to discuss the earnings will take place on the same day at 8:30 AM Eastern Time [1] - The conference call will be available via live webcast on Uniti's Investor Relations website [2] Company Overview - Uniti is a leading fiber provider in the United States, focused on delivering mission-critical connectivity [3] - The company serves over a million consumers and businesses, offering a range of fast and reliable communication services [3] - Uniti operates under several brands, including Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions [3]
Telecom Veteran David Oliveira Joins Kinetic as Chief Revenue Officer
Globenewswire· 2025-09-30 13:30
Core Insights - Kinetic has appointed David Oliveira as executive vice president and chief revenue officer to enhance its sales and product operations across consumer and business segments [1][2] - Oliveira brings over 20 years of experience in telecom and broadband, previously serving at Frontier Communications and Verizon [2] - Kinetic aims to expand its fiber service area to 3.5 million homes in the coming years, focusing on customer service and trust [3] Company Overview - Kinetic is a business unit of Uniti, providing multi-gigabit fiber internet and related services in 1,400 markets across 18 states in the U.S. [4] - Uniti is dedicated to enabling mission-critical connectivity and serves over a million consumers and businesses through various brands [5]
Kinetic Donates $7,500 to Support Ruidoso Community Beyond Recent Fiber Expansion
Globenewswire· 2025-09-29 14:00
Core Insights - Kinetic has made a total donation of $7,500 to support the Ruidoso community, including $5,000 to the Lincoln County Community Foundation and $2,500 to the Lincoln County Food Bank, emphasizing its commitment to local recovery efforts after recent disasters [1][2][3] Community Support - The donations aim to assist residents and business owners in Ruidoso who are recovering from devastating fires and floods over the past 15 months [1][3] - Kinetic's contributions are recognized by local officials, highlighting the company's role as a partner in the community's resilience and recovery [3] Infrastructure Development - Kinetic has launched a new fiber-optic network in Ruidoso, providing fiber internet to 8,000 locations, which enhances the daily lives of residents and supports their technology needs [4] - Ruidoso is now designated as a 'Gig-Ready' community, with 75% of the town having access to Kinetic's Next Generation Gigabit Internet [4] Company Commitment - Kinetic's leadership emphasizes a long-term commitment to the community, focusing on providing necessary resources and infrastructure to foster resilience and growth [5] - The company operates in 1,400 markets across 18 states, offering multi-gigabit fiber internet and related services, indicating a strong presence in the telecommunications industry [6]
Uniti Group Inc. Announces Pricing of Upsized Senior Notes Offering - Uniti Group (NASDAQ:UNIT)
Benzinga· 2025-09-25 21:25
Core Viewpoint - Uniti Group Inc. announced the pricing of a $1.4 billion offering of 7.50% Senior Secured Notes due 2033, which was upsized by $500 million from the initial offering size of $900 million [2] Group 1: Offering Details - The Notes will be issued at an issue price of 100.00% and will be guaranteed on a senior unsecured basis by Uniti Group Inc. and Uniti Group LLC, as well as on a senior secured basis by the Issuer's subsidiaries [2] - The offering is expected to close on October 6, 2025 [2] Group 2: Use of Proceeds - The net proceeds from the Offering and the borrowings under the 2025 Term Loan will be used to fund the redemption of outstanding 10.50% senior secured notes due 2028, along with related premiums, fees, and expenses [4] - Any remaining proceeds will be allocated for general corporate purposes [4] Group 3: Redemption Conditions - The redemption of the 2028 secured notes is conditioned upon the Issuer receiving at least $2.4 billion in gross proceeds from the offering of the Notes and the 2025 Term Loan [5] - The redemption is scheduled for October 6, 2025, at a price determined by the indenture governing the 2028 secured notes plus any accrued and unpaid interest [5]
Uniti Group Inc. Announces Pricing of Upsized Senior Notes Offering
Globenewswire· 2025-09-25 21:25
Core Viewpoint - Uniti Group Inc. announced the pricing of a $1.4 billion offering of 7.50% Senior Secured Notes due 2033, which was upsized by $500 million from the initial offering size of $900 million [2] Group 1: Offering Details - The Notes will be issued at an issue price of 100.00% and will be guaranteed on a senior unsecured basis by Uniti Group Inc. and Uniti Group LLC [2] - The offering is expected to close on October 6, 2025 [2] - The Issuer is also pursuing $1.0 billion in incremental term loan borrowings under the legacy Windstream credit agreement [3] Group 2: Use of Proceeds - The net proceeds from the Offering and the borrowings under the 2025 Term Loan will be used to fund the redemption of outstanding 10.50% senior secured notes due 2028 [4] - Any remaining proceeds will be allocated for general corporate purposes [4] Group 3: Redemption Conditions - The redemption of the 2028 secured notes is conditioned upon the Issuer receiving at least $2.4 billion in gross proceeds from the offering of the Notes and the 2025 Term Loan [5] - The redemption will occur on October 6, 2025, at a price determined by the indenture governing the 2028 secured notes plus any accrued interest [5]
Kinetic Completes Future-Proof Fiber-Optic Network in Ruidoso
Globenewswire· 2025-09-25 17:30
Core Insights - Kinetic has completed a new fiber-optic network in Ruidoso, enhancing the community's internet infrastructure and demonstrating a long-term commitment to the area [1][10] - The fiber expansion project, a public-private partnership, provides high-speed internet to 8,000 homes and businesses, covering approximately 125 miles of fiber-optic cables [2][10] - Ruidoso is now recognized as a 'Gig-Ready' community, with over 75% of the town having access to Kinetic's Next Generation Gigabit Internet [2][10] Economic Impact - The new fiber-optic network is expected to boost economic growth, telehealth opportunities, and remote work options [3] - Research indicates that communities with fiber can experience 213% higher business growth, 10% higher self-employment rates, and a 14-17% increase in home values [3] Community Commitment - Kinetic's investment in Ruidoso is part of a broader strategy to support the community's recovery from recent natural disasters, including flooding and wildfires [4][6] - The company has prioritized restoring connectivity and is replacing fire-damaged copper networks with more resilient fiber infrastructure [5][6] Company Overview - Kinetic is a business unit of Uniti, providing multi-gigabit fiber internet and related services across 1,400 markets in 18 states [9]