Loan & DebtJul 31, 2026, 04:38 PM
Uniti Group Increases Asset Sale Offers to $480.2M for Notes
AI Summary
Uniti Group Inc. announced an amendment to its previously disclosed asset sale offers for its 2028 and 2033 Senior Secured Notes. The aggregate principal amount of Notes targeted in the offers has been increased from $332,209,000 to $480,236,000. This adjustment follows Uniti Services' offer to prepay up to $167,791,000 of its term loan due 2032, where lenders tendered $19.8 million.
Key Highlights
- Uniti Group increased its asset sale offers from $332,209,000 to $480,236,000 aggregate principal amount of Notes.
- The offers relate to 4.750% Senior Secured Notes due 2028 and 7.500% Senior Secured Notes due 2033.
- The increase followed Uniti Services' offer to prepay up to $167,791,000 principal amount of outstanding term loan due 2032.
- Lenders elected to tender $19.8 million of the term loan for prepayment.
Price Impact
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