Uniti Group Inc. Completes Inaugural $589 Million Fiber Securitization Notes Offering

Core Viewpoint - Uniti Group Inc. has successfully completed a $589 million fiber securitization notes offering, which will be used to strengthen its balance sheet and lower its cost of capital [5]. Group 1: Securitization Notes Offering - The offering consists of$426 million in 5.9% Series 2025-1 Class A-2 term notes, $65 million in 6.4$98 million in 9.0% Series 2025-1 Class C term notes, with an anticipated repayment date in April 2030 [1]. - The Series 2025-1 Term Notes have a weighted average yield of approximately 6.5% and are secured by fiber network assets and related customer contracts in Florida and the Gulf Coast region [1]. Group 2: Use of Proceeds - A portion of the net proceeds will be used to repay and terminate the existing ABS bridge facility, while the remainder will fund the partial redemption of $125 million of 10.50$125 million of its outstanding 2028 Notes, which will be redeemed on February 14, 2025, at a price of 103% of the principal amount plus accrued interest [4]. Group 3: Company Overview - Uniti Group Inc. is an internally managed real estate investment trust engaged in the acquisition and construction of critical communications infrastructure, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles across the United States as of September 30, 2024 [7].