Loan & DebtJun 5, 2026, 04:16 PM
Uniti subsidiary prices $1.14B secured fiber network notes
AI Summary
Uniti Group Inc. announced that its subsidiary, Kinetic ABS Issuer LLC, has priced an offering of $1.14 billion in secured fiber network revenue term notes. The offering consists of three series 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.
- The offering includes $805.2 million Class A-2 notes at 5.834% coupon.
- It also includes $134.2 million Class B notes at 6.224% and $201.3 million Class C notes at 7.536%.
- The notes have a weighted average coupon rate of approximately 6.180%.
- Anticipated repayment date for the notes is June 2033.
- 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.
Price Impact
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