Uniti Group Inc. (NASDAQ: UNIT) announced on September 26, 2025 that its subsidiary, Windstream Services, LLC, has priced a $1.4 billion aggregate principal amount of 7.50% senior secured notes due 2033. The offering upsizes the previously announced $900 million notes by $500 million and will be issued at 100% of par.
The notes are 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 proceeds will be used to redeem in full the company’s outstanding 10.50% senior secured notes due 2028, covering principal, accrued interest, and related fees, with any remaining funds earmarked for general corporate purposes.
In addition to the note issuance, Windstream Services is pursuing up to $1.0 billion of incremental term loan borrowings under the legacy Windstream credit agreement and an extension of the maturity dates of its revolving credit facilities to December 30, 2027. The note offering is expected to close on October 6, 2025, and the redemption of the 2028 notes is conditioned upon receipt of at least $2.4 billion in gross proceeds from the note offering and the term loan.
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