Secured fiber network revenue term notes
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Uniti Group Inc. Completes Inaugural Kinetic Fiber Securitization Notes Offering
Globenewswire· 2026-01-30 21:15
Core Viewpoint - Uniti Group Inc. has successfully completed its inaugural offering of $960,100,000 in secured fiber network revenue term notes, aimed at funding fiber buildouts and strengthening its balance sheet [1][5]. Group 1: Offering Details - The offering consists of $960,100,000 aggregate principal amount of secured fiber network revenue term notes with an anticipated repayment date in February 2031 [1]. - The notes are secured by residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio, and Texas [1]. - A $150,000,000 variable funding note facility has been established, which includes a delayed commitment availability feature [2]. Group 2: Use of Proceeds - The net proceeds from the notes will be utilized for general corporate purposes, including potential capital expenditures and repayment of outstanding debt [3]. Group 3: Company Overview - Uniti is a leading fiber provider focused on delivering critical connectivity across the United States, serving over a million consumers and businesses [7].
Uniti Group Inc. Announces Pricing of $250 Million Fiber Securitization Notes Offering
Globenewswire· 2025-10-09 21:47
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].