Uniti Group Inc. announced today that its subsidiaries, Uniti Fiber ABS Issuer LLC and Uniti Fiber TRS Issuer LLC, have commenced an offering of $250 million aggregate principal amount of secured fiber network revenue term notes. The notes will be secured by fiber network assets and related customer contracts in Alabama, Florida, Georgia, Louisiana, Mississippi and South Carolina, with an anticipated repayment date of January 2031.
In connection with the offering, the issuers expect to enter into a $75 million variable funding note facility with a delayed draw feature, subject to leverage tests and other customary drawing conditions. The variable funding notes will be governed by the same indenture that will govern the term notes.
Uniti intends to use the net proceeds for general corporate purposes, including success‑based capital expenditures and repayment of outstanding debt. The offering is limited to qualified institutional buyers under Rule 144A and outside the United States under Regulation S, and the notes are not registered under the Securities Act.
This financing aligns with Uniti’s strategy to strengthen its balance sheet and support accelerated fiber deployment following the merger with Windstream, providing additional liquidity for future growth initiatives.
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