Uniti Group unit issues $1.14 billion secured fiber network revenue term notes in private offering
UNIT•Private offering details
Uniti priced a $1.14 billion private offering of Series 2026-2 secured fiber network revenue term notes via indirect subsidiary Kinetic ABS Issuer.
The deal was split into:
- $805.21 million of 5.834% Class A-2 notes
- $134.2 million of 6.224% Class B notes
- $201.3 million of 7.536% Class C notes
The notes were sold at 100% of principal, and the anticipated repayment date is June 2033.
Use of proceeds and prefunding account
About $91.08 million was placed in a prefunding account tied to pending Oklahoma asset transfers. The funds will repay notes if approvals are not received by July 30, 2027.
Net proceeds are earmarked for general corporate purposes, including capital spending or debt repayment.
