Loan & DebtJul 23, 2026, 04:32 PM
Uniti Group Offers $500M Debt Prepayment & Asset Sale
AI Summary
Uniti Group Inc. announced a series of debt management initiatives totaling $500 million. This follows its indirect subsidiary, Kinetic ABS Issuer, completing a $1.1 billion private offering of secured fiber network revenue term notes. The company intends to use a portion of the net cash from the Kinetic ABS Asset Sale for business reinvestments and $500 million to repay senior secured indebtedness through a term loan prepayment offer and asset sale offers for its 2028 and 2033 Senior Secured Notes.
Key Highlights
- Kinetic ABS Issuer completed a private offering of $1.1 billion secured fiber network revenue term notes.
- Proceeds from the Kinetic ABS Asset Sale will fund growth capital expenditures and $500 million for senior secured debt repayment.
- Uniti Services issued a prepayment notice for up to $167.791 million of its Term Loan due 2032.
- Uniti Services, UGF, and CSL Capital commenced Asset Sale Offers for up to $332.209 million of 2028 and 2033 Senior Secured Notes.
- The total target for debt repayment through these offers is $500 million.
- The Asset Sale Offers will expire on August 20, 2026.
Price Impact
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