debt
confidence high
sentiment neutral
materiality 0.65
Uniti announces $1.14B secured fiber note offering; weighted avg coupon 6.18%
Uniti Group Inc.
- Kinetic ABS Issuer LLC prices $1,140,710,000 in secured fiber network revenue term notes across three classes with anticipated repayment June 2033.
- Notes: Class A-2 $805.21M at 5.834%, Class B $134.2M at 6.224%, Class C $201.3M at 7.536%; weighted avg coupon ~6.180%.
- Notes secured by residential fiber network assets and customer agreements in TX, AR, KY, OH, GA, IA, AL, FL, NC, OK.
- Proceeds for general corporate purposes, including success-based capex and/or debt repayment.
- Expected closing July 15, 2026; notes offered to QIBs and non-US under Rule 144A/Reg S.