secwatch.observer — SEC 8-K summary
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Issuer:     Uniti Group Inc. (—)
CIK:        0001620280
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0000950103-24-006323
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Uniti Group to merge with Windstream; Uniti shareholders to own ~62% of new company
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- Uniti stockholders receive ~62% of New Uniti common; Windstream equityholders get ~35.42% common, $575M preferred (11% cumulative), warrants for ~6.9%, and $425M cash.
- Uniti suspends dividends after $0.15/share June payment; New Uniti will not qualify as REIT.
- Merger subject to stockholder approval, HSR, FCC, state PUC clearances; close by Nov 3, 2025, extendable to May 3, 2026.
- Elliott, holding ~4.26% of Uniti, signs voting agreement supporting merger; termination fee of $55M or $75M for financing failure.
- New Uniti preferred stock dividend rate starts at 11%, increases annually up to 16%; redeemable after 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620280/000095010324006323/0000950103-24-006323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620280/000095010324006323/dp210423_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-006323

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer