Uniti closes USD 1.1 billion fiber network asset sale to Kinetic ABS unit
UNIT•Debt repayment and note repurchase actions
Uniti Services issued notice to prepay up to USD 167.79 million of its senior secured term loan due 2032 on July 30.
Uniti subsidiaries also launched asset sale offers to repurchase up to USD 332.21 million of senior secured notes due 2028 and 2033.
Kinetic ABS unit completes fiber network financing
Uniti Group’s Kinetic ABS Issuer completed a USD 1.1 billion secured fiber network revenue term notes offering to fund an internal fiber asset sale.
Net cash from the sale is earmarked for reinvestment, including growth capital spending, with USD 500 million allocated to repay senior secured debt.
