Uniti Group Inc. (NASDAQ: UNIT) announced on September 24, 2025 that its subsidiary, Windstream Services, LLC, has commenced an offering of $900 million aggregate principal amount of senior secured notes due 2033. The notes will be guaranteed on a senior unsecured basis by Uniti and Uniti Group LLC, and on a senior secured basis by each of the issuer’s subsidiaries that guarantee indebtedness under the company’s senior secured credit facilities and existing senior notes.
The issuer is also pursuing up to $1.5 billion aggregate principal amount of incremental term loan borrowings under the legacy Windstream credit agreement, along with an extension of the maturity dates of its revolving credit facilities under the legacy Uniti and Windstream credit agreements to December 30, 2027, pending regulatory approvals. Proceeds from the notes and term loan will be used to fully redeem the outstanding 10.50% senior secured notes due 2028 and to pay related premiums, fees, and accrued interest; any remaining proceeds will be applied to general corporate purposes.
The offering is not registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers under Rule 144A and outside the United States under Regulation S. By refinancing its debt, Uniti aims to reduce its debt maturity profile and lower its blended cost of capital, supporting the company’s post‑merger capital structure optimization and continued fiber deployment strategy.
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