debt
confidence high
sentiment neutral
materiality 0.55
Uniti Group launches $1.14B secured fiber notes offering due June 2033
Uniti Group Inc.
- Kinetic ABS Issuer LLC, a subsidiary, offers $1,140,710,000 in secured fiber network revenue term notes.
- Notes secured by residential fiber assets in TX, AR, KY, OH, GA, IA, AL, FL, NC, and OK.
- Proceeds to be used for general corporate purposes, including success-based capex or debt repayment.
- Issuer to increase liquidity funding note facility and extend its maturity to align with notes' final maturity.
- Notes offered to QIBs under Rule 144A and offshore under Regulation S; not registered under Securities Act.