debt
confidence high
sentiment neutral
materiality 0.65
Uniti Group announces $500M offering of 8.625% senior notes due 2032
Uniti Group Inc.
- Subsidiaries Uniti Services, Uniti Fiber Holdings, Uniti Group Finance 2019 and CSL Capital commence $500M notes offering at 8.625% due 2032.
- Net proceeds, with cash on hand, to repay borrowings under Uniti Services' senior secured first lien term loan facility due 2031.
- Notes expected to be mandatorily exchanged for additional 8.625% notes under June 24, 2025 indenture after regulatory approval.
- Offered privately to QIBs under Rule 144A and non-U.S. persons under Regulation S.