M&A
confidence high
sentiment neutral
materiality 0.60
Windstream updates pro forma financials for Uniti merger; exchange ratio ~0.6093
Uniti Group Inc.
- Pro forma combined financials filed; merger exchange ratio set at ~0.6093 shares of New Uniti per Uniti share.
- Uniti stockholders to own ~62% of combined company; Windstream equityholders to get $575M preferred and $425M cash.
- Financing: $300M 10.5% secured notes, $220M revolver draw, $800M+$1.4B 8.25% notes, $500M term loan.
- Merger expected to close pending remaining conditions; pro forma assumes transactions effective Jan 1, 2024.