Core Insights - Uniti Group Inc. reported strong growth in its fiber businesses driven by increasing demand from hyperscalers, large enterprises, and residential customers [1][2] - The company has a comprehensive plan to expand its fiber-to-the-home initiative, targeting 3.5 million homes by 2029 [1] - Uniti's consolidated revenue for Q3 2025 was $722.6 million, with an Adjusted EBITDA of $327.8 million, achieving a margin of approximately 45% [3][7] Financial Performance - Consolidated net income for Q3 2025 was $1.609 billion, which includes a one-time gain of $1.685 billion from the merger with Windstream [3][7] - Kinetic contributed $360.3 million in revenue with a contribution margin of $155.4 million, while Fiber Infrastructure generated $226.6 million in revenue with a margin of $157.7 million [4] - Uniti Solutions reported revenues of $135.7 million and a contribution margin of $72.2 million [5] Growth Metrics - Consolidated fiber revenue grew by 13% year-over-year in Q3 2025, with Kinetic Consumer Fiber revenue increasing by 26% [8] - Kinetic Consumer Fiber subscribers grew by 17% year-over-year, with gross adds of approximately 36,000, the highest on record [8] Financing Activities - Uniti completed a $1.4 billion offering of 7.500% Senior Secured Notes due 2033 and a new $1.0 billion term loan facility [9][10] - The company also closed a $250 million fiber securitization notes offering, with proceeds intended for general corporate purposes [11] Liquidity Position - At the end of the quarter, Uniti had approximately $604.0 million in unrestricted cash and cash equivalents, along with undrawn borrowing availability [12] Updated Outlook - The company updated its 2025 outlook, projecting consolidated revenue between $2.215 billion and $2.265 billion, with Adjusted EBITDA expected to be between $1.110 billion and $1.160 billion [14][15]

Core Viewpoint - Uniti Group Inc. has announced the pricing of a $250 million offering of secured fiber network revenue term notes, bringing its total Asset-Backed Securities (ABS) program issuance to $839 million [1][2]. Group 1: Offering Details - The offering consists of three classes of term notes: $180 million in 5.177% Series 2025-2 Class A-2 notes, $28.2 million in 5.621% Series 2025-2 Class B notes, and $41.8 million in 7.834% Series 2025-2 Class C notes, with a weighted average coupon rate of approximately 5.671% [2][3]. - The notes will be secured by certain fiber network assets and related customer contracts in Alabama, Florida, Georgia, Louisiana, Mississippi, and South Carolina, with an anticipated repayment date in January 2031 [2][3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes, which may include success-based capital expenditures and/or repayment of outstanding debt [4]. Group 3: Additional Financial Arrangements - In connection with the closing of the offering, the issuers expect to enter into a commitment for a $75 million variable funding note facility with a delayed draw feature, subject to leverage tests and other customary drawing conditions [3].