Kinetic Fiber Securitization Notes
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Uniti Group Inc. Announces Pricing of $960.1 Million Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-15 22:30
Core Viewpoint - Uniti Group Inc. has announced the pricing of a $960.1 million offering of secured fiber network revenue term notes, which will be used for general corporate purposes, including capital expenditures and debt repayment [1][3] Group 1: Offering Details - The offering consists of three classes of term notes: $677.71 million of 5.219% Series 2026-1 Class A-2 notes, $112.96 million of 5.561% Series 2026-1 Class B notes, and $169.43 million of 7.653% Series 2026-1 Class C notes, with a weighted average coupon rate of approximately 5.689% [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 offering is anticipated to close on January 30, 2026 [1] Group 2: Additional Financing - In connection with the closing of the notes offering, the Issuer plans to enter into a $150 million variable funding note facility, subject to leverage tests and other customary conditions [2] - A liquidity funding note facility is also expected to be established to support the transaction's liquidity reserve and cover specified payment shortfalls [2] Group 3: Company Overview - Uniti is a premier fiber provider focused on enabling critical connectivity across the United States, serving over a million consumers and businesses [6]
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].