secwatch.observer — SEC 8-K summary
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Issuer:     Uniti Group Inc. (—)
CIK:        0001620280
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001104659-24-112863
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 4.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Uniti restates Q3 2023 interim statements for $38M error; Q3 2024 AFFO $0.33
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- Audit committee deems prior goodwill impairment and tax benefit error material; restates Q3 2023 financials, understating net loss by $38M.
- Q3 2024 net income $12.2M ($0.05 diluted EPS), revenue $292.2M, Adj. EBITDA $235.3M; AFFO $0.33 per share.
- 2024 outlook updated: revenue $1.157B–$1.177B, Adj. EBITDA $930M–$950M, AFFO $351M–$371M.
- Merger with Windstream on track for H2 2025 close; dual debt silo collapse path cleared; Windstream has capital for fiber build.
- Quarter-end leverage 6.05x net debt/Adj. EBITDA; $529.1M cash and undrawn revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620280/000110465924112863/0001104659-24-112863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620280/000110465924112863/tm2427044d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112863

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