Incremental Term Loan Borrowings

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Uniti Group Inc. Announces Refinancing Transactions
Globenewswireยท 2025-09-24 12:05
Core Viewpoint - Uniti Group Inc. announced an offering of $900 million in senior secured notes due 2033 to refinance existing debt and fund corporate purposes [1][3]. Group 1: Offering Details - The offering consists of $900,000,000 aggregate principal amount of senior secured notes due 2033 [1]. - The notes will be guaranteed on a senior unsecured basis by Uniti Group Inc. and on a senior secured basis by the Issuer's subsidiaries [1]. - The Issuer is also pursuing up to $1,500,000,000 in incremental term loan borrowings under the legacy Windstream credit agreement [2]. Group 2: Use of Proceeds - The net proceeds from the offering and the 2025 Term Loan will be used to redeem the outstanding 10.50% senior secured notes due 2028 and cover related expenses [3]. - Any remaining proceeds will be allocated for general corporate purposes [3]. Group 3: Regulatory and Legal Considerations - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers [4]. - The press release does not constitute an offer to sell or a solicitation of an offer to buy the securities [5]. Group 4: Company Overview - Uniti is a fiber provider focused on enabling connectivity across the United States, serving over a million consumers and businesses [6].