Loan & DebtJun 1, 2026, 08:36 AM
Uniti Group to Offer $1.14B Secured Fiber Network Revenue Notes
AI Summary
Uniti Group Inc. announced that its subsidiary, Kinetic ABS Issuer LLC, has commenced an offering of $1,140,710,000 aggregate principal amount of secured fiber network revenue term notes. These notes are expected to have an anticipated repayment date in June 2033 and will be secured by residential fiber network assets in ten states. Uniti intends to use the net proceeds for general corporate purposes, which may include 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 subsidiary commenced offering of $1,140,710,000 secured fiber network revenue term notes.
- Notes have an anticipated repayment date in June 2033.
- Secured by residential fiber network assets in 10 states.
- Proceeds for general corporate purposes, including capital expenditures and/or debt repayment.
- Issuer and its direct parent are designated as "unrestricted subsidiaries" under Uniti's credit agreement.
- Notes offered to qualified institutional buyers under Rule 144A and Regulation S.
Price Impact
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