From GlobeNewswire: 2025-01-17 18:15:36

Uniti Group Inc. announced the pricing of $589,000,000 aggregate principal amount of secured fiber network revenue term notes, with a weighted average yield of approximately 6.5%. The notes will be secured by fiber network assets in Florida and the Gulf Coast region, with anticipated repayment in April 2030. The offering is expected to close on February 3, 2025. Uniti plans to use the net proceeds to repay existing debts and for general corporate purposes. The notes are not registered under the Securities Act of 1933 and are offered to qualified institutional buyers. Uniti is a leading provider of fiber and wireless solutions in the communications industry, owning approximately 144,000 fiber route miles.

The offering of secured fiber network revenue term notes by Uniti Group Inc. will help the company raise $589,000,000 to support its operations and repay existing debts. The offering consists of three classes of notes with different interest rates and repayment dates. The notes will be secured by fiber network assets in specific regions, ensuring the protection of investors’ interests. Uniti Group Inc. is a real estate investment trust engaged in acquiring and constructing mission-critical communications infrastructure, specializing in fiber and wireless solutions for the communications industry. The offering is expected to close on February 3, 2025, benefiting both the company and investors.



Read more at GlobeNewswire: Uniti Group Inc. Announces Pricing of $589 Million Fiber