Uniti Group Inc. Completes $589 Million Secured Fiber Network Revenue Term Notes Offering

Uniti Group Inc., a leading provider of communication infrastructure solutions, recently announced the successful completion of a private offering of $589,000,000 aggregate principal amount of secured fiber network revenue term notes. The offering was carried out by Uniti Fiber ABS Issuer LLC and Uniti Fiber TRS Issuer LLC, both indirect subsidiaries of Uniti Group Inc. The notes consist of $426,000,000 5.9% Series 2025-1, Class A-2 term notes, $65,000,000 6.4% Series 2025-1, Class B term notes, and $98,000,000 9.0% Series 2025-1, Class C term notes. Each note carries an anticipated repayment date in April 2030.

The issuance of the notes was conducted at an issue price of 100% of their respective principal amounts under an indenture dated February 3, 2025, supplemented by a Series 2025-1 Supplement. The notes are part of a securitization transaction involving specific fiber network assets situated in Florida and the Gulf Coast region of Louisiana, Mississippi, and Alabama.

As part of the offering, Uniti Fiber ABS Issuer LLC, Uniti Fiber TRS Issuer LLC, Uniti Fiber GulfCo LLC, and Uniti Fiber TRS AssetCo LLC entered into a management agreement on February 3, 2025. This agreement designates Uniti Fiber Holdings Inc. as the manager of the contributed Fiber Network Assets, responsible for certain operational and administrative functions in connection with the assets.

Interest payments on the notes are scheduled on the 20th of each January, April, July, and October, starting from April 20, 2025, with the final maturity date set for April 2055. The notes are secured by a security interest in the Fiber Network Assets and guaranteed by the Issuers’ respective parent entities.

Proceeds from the notes issuance are intended to be used by the Company for various purposes, including repaying existing debt facilities, redeeming select existing notes, and supporting general corporate initiatives, including potential capital investments.

Uniti Group Inc. also disclosed a notice of redemption for $125,000,000 aggregate principal amount of 10.50% Senior Secured Notes due 2028. The redemption is slated for February 14, 2025. The Company issued a press release on February 3, 2025, presenting details of the Notes offering and the partial redemption of the 2028 Notes.

This announcement is in compliance with the Securities Exchange Act of 1934. The original 8-K filing and associated documents can be found on the Securities and Exchange Commission’s website.

Note: The information shared is a summary and is subject to the detailed provisions of the complete Base Indenture and Series 2025-1 Supplement. Additional information can be found in the exhibits attached to the original filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Uniti Group’s 8K filing here.

About Uniti Group

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.