Uniti Group Inc. Announces Launch of Fiber Securitization Notes Offering

Offering Details - Uniti Group Inc announced the commencement of an offering of $589 million aggregate principal amount of secured fiber network revenue term notes with an anticipated repayment date in April 2030 [1] - The Notes will be secured by certain fiber network assets and related customer contracts in Florida and the Gulf Coast region of Louisiana, Mississippi, and Alabama [1] - The Notes will be offered only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S [3] Use of Proceeds - The net proceeds from the offering will be used to repay and terminate the existing ABS bridge facility and for general corporate purposes, which may include success-based capital investments and/or repayment of outstanding debt [2] Company Overview - Uniti Group Inc is an internally managed real estate investment trust engaged in the acquisition and construction of mission-critical communications infrastructure [5] - As of September 30, 2024, Uniti owns approximately 144,000 fiber route miles and 8.7 million fiber strand miles throughout the United States [5] Forward-Looking Statements - The press release contains forward-looking statements regarding the proposed offering of the Notes, based on management's current expectations and beliefs [6][7] - These statements are subject to risks and uncertainties that could lead to actual results differing materially from those projected, including factors related to the company's merger with Windstream and other operational risks [7][8]