Uniti Prices $589 Million Fiber Securitization Notes

Uniti Group Inc., a key player in the acquisition and construction of mission-critical communications infrastructure, has announced pricing for its $589 million securitization notes offering through its subsidiaries Uniti Fiber ABS Issuer LLC and Uniti Fiber TRS Issuer LLC. The offering comprises various classes of term notes, which will be secured by fiber network assets and associated customer contracts across Florida and the Gulf Coast region. The proceeds are intended for repayment of existing bridge facilities, success-driven investments, or debt repayment. The transaction's success will not only facilitate financial restructuring but also propel future investments. These notes are to be marketed to qualified institutional buyers, marking a strategic capital raising move without full Securities Act of 1933 registration. Uniti also discussed its merger with Windstream, noting potential operational synergies and associated risks. It's a forward-looking strategy hinging on anticipated benefits from the merger and Uniti's ability to integrate and manage its fiber assets effectively, amidst sectoral and economic uncertainties.