Uniti Group Inc. announced the launch of Kinetic Fiber Securitization Notes Offering.
The Company aims to issue $960,100,000 aggregate principal amount of secured fiber network revenue term notes.
The Notes are anticipated to be secured by certain residential fiber network assets in multiple states.
Offering Details
The offering consists of secured fiber network revenue term notes with an anticipated repayment date in February 2031.
Use of Proceeds
Net proceeds from the offering will be utilized for general corporate purposes, including capital expenditures and debt repayment.
Regulatory Compliance
The Notes are being offered to qualified institutional buyers under Rule 144A and outside the U.S. in compliance with Regulation S under the Securities Act.
- Uniti Group's foray into the Kinetic Fiber Securitization Notes Offering signals a strategic move to secure funding for future growth and operational enhancements.
- The focus on residential fiber network assets in key states indicates a targeted approach to strengthen connectivity services.
Uniti Group Inc.'s launch of the Kinetic Fiber Securitization Notes Offering reflects a concerted effort to bolster its financial position and support corporate initiatives.