debt
confidence high
sentiment positive
materiality 0.60
Uniti Group closes $600M 8.625% senior notes offering; to redeem $500M of 10.50% notes due 2028
Uniti Group Inc.
- Issued $600M aggregate principal of 8.625% Senior Notes due 2032 at 100% of par.
- Net proceeds fund partial redemption of $500M of outstanding 10.50% senior notes due 2028 plus premiums, fees, and general corporate purposes.
- Notes mature June 15, 2032; interest payable semi-annually on June 15 and December 15, beginning December 15, 2025.
- Redeemable prior to June 15, 2028 at make-whole premium; thereafter at specified prices; change of control put at 101%.
- Notes are senior unsecured obligations, fully and unconditionally guaranteed by Uniti Group Inc. and its domestic restricted subsidiaries.
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