Uniti Group Inc. has priced its offering of $960,100,000 aggregate principal amount of secured fiber network revenue term notes.
The Notes consist of different series with varying coupon rates and repayment dates.
The offering is expected to close on January 30, 2026.
Uniti Group Inc.'s pricing of $960.1 million Kinetic Fiber Securitization Notes marks a strategic move to access capital markets and fund growth initiatives.
Secured Offering Details
The offering includes series of term notes with a weighted average coupon rate of approximately 5.689%. This indicates Uniti's ability to secure funding at competitive rates based on its creditworthiness.
Use of Proceeds
Uniti intends to use the net proceeds for general corporate purposes, including capital expenditures and debt repayment. By allocating funds to growth-focused investments, Uniti aims to strengthen its operational capabilities and drive future revenue streams.
Regulatory Details
The Notes are not registered under the Securities Act and were offered to qualified institutional buyers under Rule 144A. This strategic choice allows Uniti to access a specific segment of the market, indicating a targeted approach to fundraising.
- The offering of secured fiber network revenue term notes aims to enhance Uniti's financial flexibility by diversifying its funding sources and lowering its overall cost of capital. This strategic move may improve Uniti's capital structure and support future expansion initiatives.
- Uniti's allocation of proceeds towards growth-oriented capital expenditures signifies a commitment to expanding its infrastructure and capabilities in the competitive telecommunications industry. This investment in operational enhancements is crucial for maintaining competitiveness and capturing market opportunities.
Uniti's announcement of the Kinetic Fiber Securitization Notes Offering reflects a strategic effort to fortify its financial position, support growth ambitions, and capitalize on emerging opportunities in the digital connectivity sector. By tapping into the capital markets through this offering, Uniti aims to drive value creation and strengthen its market position.