Loan & DebtJun 1, 2026, 09:08 AM
Uniti Group Announces $1.14B Secured Fiber Network Notes Offering
AI Summary
Uniti Group Inc. announced that its subsidiary, Kinetic ABS Issuer LLC, has launched an offering of $1,140.71 million aggregate principal amount of secured fiber network revenue term notes. The notes are expected to mature in June 2033 and will be secured by residential fiber network assets. Uniti intends to use the net proceeds for general corporate purposes, including success-based capital expenditures and/or repayment of outstanding debt. The offering is being made to qualified institutional buyers and outside the United States.
Key Highlights
- Uniti Group's subsidiary, Kinetic ABS Issuer LLC, announced an offering of $1,140.71 million in secured fiber network revenue term notes.
- The notes are expected to have an anticipated repayment date in June 2033.
- Proceeds will be used for general corporate purposes, including capital expenditures and/or debt repayment.
- The offering is not registered under the Securities Act and is for qualified institutional buyers and non-U.S. persons.
- The Issuer expects to increase and extend its existing liquidity funding note facility.
Price Impact
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