Loan & DebtJun 5, 2026, 05:26 PM
Uniti Group Prices $1.14B Kinetic Fiber Securitization Notes
AI Summary
Uniti Group Inc. announced the pricing of $1.14 billion in secured fiber network revenue term notes through its subsidiary, Kinetic ABS Issuer LLC. The offering consists of three classes of notes with a weighted average coupon rate of approximately 6.180% and an anticipated repayment date in June 2033. The notes are secured by residential fiber network assets across ten states and the net proceeds will be used for general corporate purposes, including capital expenditures and/or debt repayment. The offering is expected to close on July 15, 2026.
Key Highlights
- Uniti subsidiary priced $1.14 billion in secured fiber network revenue term notes.
- Notes include $805.21 million Class A-2 (5.834%), $134.20 million Class B (6.224%), $201.30 million Class C (7.536%).
- Weighted average coupon rate for the notes is approximately 6.180%.
- Anticipated repayment date for all notes is June 2033.
- Notes are secured by residential fiber network assets in 10 states.
- Proceeds will be used for general corporate purposes, including capital expenditures or debt repayment.
- The offering is expected to close on July 15, 2026.
Price Impact
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