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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].