debt
confidence high
sentiment positive
materiality 0.70
Uniti prices $600M 8.625% notes due 2032; to redeem $500M of 10.5% 2028 secured notes
Uniti Group Inc.
- Pricing of $600M aggregate principal amount of 8.625% senior unsecured notes due 2032 at par.
- Net proceeds to fund partial redemption of $500M of outstanding 10.50% senior secured notes due 2028.
- Redemption expected June 24, 2025, conditioned on completion of debt financings of at least $550M.
- Offering expected to close June 24, 2025; remaining proceeds for general corporate purposes.
- Refinancing replaces higher-cost secured debt with lower-coupon unsecured notes, reducing interest expense.
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