debt
confidence high
sentiment neutral
materiality 0.70
Uniti launches $960.1M secured fiber notes offering due Feb 2031
Uniti Group Inc.
- $960.1M secured fiber network revenue term notes (repayment Feb 2031) by subsidiary Kinetic ABS Issuer LLC.
- Secured by residential fiber assets and customer agreements in AR, GA, KY, OH, TX.
- Issuer expects $150M variable funding note facility with delayed commitment feature.
- Proceeds for general corporate purposes: success-based capex and/or debt repayment.
- Notes offered to QIBs under Rule 144A and offshore under Reg S.