Loan & DebtJul 17, 2026, 07:31 AM
Uniti Group Issues $1.14B Secured Fiber Network Notes
AI Summary
Uniti Group Inc.'s indirect subsidiary, Kinetic ABS Issuer LLC, completed a private offering of $1,140,710,000 aggregate principal amount of Series 2026-2 secured fiber network revenue term notes. This marks the second issuance for the company's fiber-to-the-home securitization program, bringing the total outstanding notes to over $2.1 billion. The notes have an anticipated repayment date in June 2033 and a legal final maturity in June 2058. Proceeds from the offering are intended for general corporate purposes, including capital expenditures and repayment of outstanding debt.
Key Highlights
- Uniti Group's subsidiary issued $1,140,710,000 in Series 2026-2 secured fiber network revenue term notes.
- The offering included $805,210,000 Class A-2 notes at 5.834%, $134,200,000 Class B notes at 6.224%, and $201,300,000 Class C notes at 7.536%.
- The Series 2026-2 Term Notes have an anticipated repayment date (ARD) in June 2033.
- Total outstanding revenue term notes for the securitization program now stand at $2,100,810,000.
- Approximately $91,081,390 was deposited into a prefunding account for pending asset acquisitions.
- The legal final maturity date for the Series 2026-2 Term Notes is June 2058.
- Proceeds will be used for general corporate purposes, including capital expenditures and debt repayment.
Price Impact
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