debt
confidence high
sentiment neutral
materiality 0.50
Uniti subsidiaries launch $600M senior notes offering, to redeem $500M of 10.50% notes due 2028
Uniti Group Inc.
- Subsidiaries offering $600M senior notes due 2032, guaranteed on senior unsecured basis by Uniti.
- Net proceeds to partially redeem $500M of 10.50% senior secured notes due 2028.
- Redemption date June 24, 2025, conditioned on completion of debt financings of at least $550M.
- Remaining net proceeds to be used for general corporate purposes.
- Notes offered privately under Rule 144A and Regulation S.
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