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Uniti Announces New Long-Haul Fiber Contract Award with Large Hyperscaler
Newsfilter· 2025-01-21 13:00
Core Viewpoint - Uniti Group Inc. has secured a 20-year contract to construct over 130 route miles of fiber and conduit systems connecting Montgomery, AL, to Cuba, AL, indicating strong demand for its infrastructure solutions in the hyperscale market [1][3]. Group 1: Contract Details - The new infrastructure will connect key data center locations and provide diverse paths to existing north-south long-haul routes, enhancing Uniti's service offerings [2]. - The contract was executed in Q4 2024, with plans to deliver the fiber routes to the customer by 2026 [3]. Group 2: Market Demand - The company is experiencing momentum in the hyperscale space, with customers increasingly seeking multiple fiber paths for network redundancy [3]. - The contract reflects the ongoing strong demand for customized infrastructure solutions within the hyperscale sector [3]. Group 3: Company Overview - Uniti is an internally managed real estate investment trust focused on acquiring and constructing critical communications infrastructure, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles as of September 30, 2024 [8].
Uniti Group Inc. Announces Pricing of $589 Million Fiber Securitization Notes Offering
GlobeNewswire· 2025-01-17 23:15
Core Viewpoint - Uniti Group Inc. has announced the pricing of $589 million in secured fiber network revenue term notes, which will be used for debt repayment and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of three classes of term notes: $426 million in 5.9% Series 2025-1 Class A-2 notes, $65 million in 6.4% Series 2025-1 Class B notes, and $98 million in 9.0% Series 2025-1 Class C notes, with an anticipated repayment date in April 2030 [1]. - The weighted average yield of the notes is approximately 6.5% [1]. - The notes will be secured by fiber network assets and related customer contracts in Florida and the Gulf Coast region of Louisiana, Mississippi, and Alabama [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay and terminate the existing ABS bridge facility and for general corporate purposes, which may include capital investments and/or repayment of outstanding debt [2]. Group 3: Company Overview - Uniti Group Inc. is an internally managed real estate investment trust focused on acquiring and constructing critical communications infrastructure, providing fiber and wireless solutions [5]. - As of September 30, 2024, Uniti owns approximately 144,000 fiber route miles and 8.7 million fiber strand miles across the United States [5].
Uniti Group Inc. Announces Launch of Fiber Securitization Notes Offering
GlobeNewswire· 2025-01-09 13:05
Offering Details - Uniti Group Inc announced the commencement of an offering of $589 million aggregate principal amount of secured fiber network revenue term notes with an anticipated repayment date in April 2030 [1] - The Notes will be secured by certain fiber network assets and related customer contracts in Florida and the Gulf Coast region of Louisiana, Mississippi, and Alabama [1] - The Notes will be offered only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S [3] Use of Proceeds - The net proceeds from the offering will be used to repay and terminate the existing ABS bridge facility and for general corporate purposes, which may include success-based capital investments and/or repayment of outstanding debt [2] Company Overview - Uniti Group Inc is an internally managed real estate investment trust engaged in the acquisition and construction of mission-critical communications infrastructure [5] - As of September 30, 2024, Uniti owns approximately 144,000 fiber route miles and 8.7 million fiber strand miles throughout the United States [5] Forward-Looking Statements - The press release contains forward-looking statements regarding the proposed offering of the Notes, based on management's current expectations and beliefs [6][7] - These statements are subject to risks and uncertainties that could lead to actual results differing materially from those projected, including factors related to the company's merger with Windstream and other operational risks [7][8]
Uniti Group Inc. Announces Pricing of Windstream Add-On Offering of 8.250% Senior First Lien Notes
GlobeNewswire News Room· 2024-12-13 01:45
Core Viewpoint - Uniti Group Inc. announced the pricing of $1.4 billion in additional 8.250% Senior First Lien Notes due 2031, which will be used to redeem existing senior notes and is expected to close on December 23, 2024 [1][2]. Group 1: Financial Details - The net proceeds from the offering will be used to redeem all $1.4 billion of Windstream's 7.750% senior first lien notes due 2028 at a redemption price of 101.938% [2]. - The refinancing is intended to be leverage neutral, meaning it will not increase the overall debt levels of Windstream [2]. Group 2: Management Commentary - Paul Bullington, CFO of Uniti, expressed satisfaction with the refinancing outcome, highlighting that it extends Windstream's debt maturity profile in a cash flow efficient manner [3]. - The company aims to continue finding efficient ways to strengthen its balance sheet by extending debt maturities and lowering interest expenses [3]. Group 3: Company Overview - Uniti is an internally managed real estate investment trust focused on acquiring and constructing critical communications infrastructure, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles across the U.S. as of September 30, 2024 [5].
Uniti Group Inc. to Participate at the Raymond James 2024 TMT & Consumer Conference
GlobeNewswire News Room· 2024-12-03 21:15
LITTLE ROCK, Ark., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Chief Revenue Officer, Ron Mudry, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to participate at the Raymond James 2024 TMT & Consumer Conference on December 9-10, 2024 in New York, NY. Any investor materials used will be made available on Uniti’s Investor Relations website at investor.uniti.com under the Events & Presentations tab. ABOUT UNITI Uniti, an ...
Uniti Group Inc. to Present at the BofA Securities 2024 Leveraged Finance Conference
GlobeNewswire News Room· 2024-11-19 21:15
LITTLE ROCK, Ark., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to present at the BofA Securities Leveraged Finance Conference. The presentation is scheduled for 9:30 AM EST on December 3, 2024 in Boca Raton, FL. You may access a live webcast of the event on Uniti’s Investor Relations website at ...
Uniti(UNIT) - 2024 Q3 - Quarterly Report
2024-11-08 13:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________ FORM 10-Q _______________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------ ...
Uniti Group Inc. to Participate at Nareit's REITworld 2024 Annual Conference
GlobeNewswire News Room· 2024-11-05 21:15
LITTLE ROCK, Ark., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to participate at Nareit’s REITworld 2024 Annual Conference on November 19, 2024 in Las Vegas, NV. Investor materials will be made available on Uniti’s Investor Relations website at investor.uniti.com under the Events & Presentations tab. ABOUT UNITI Uniti ...
Uniti Group: Q3 Earnings, Buying As Share Plummet
Seeking Alpha· 2024-11-01 03:05
October 31st was not a good day for shareholders of Uniti Group (NASDAQ: UNIT ). During midday trading, shares were down around 8.5%. This came after management announced financial results covering the thirdCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms ...
Uniti(UNIT) - 2024 Q3 - Earnings Call Transcript
2024-10-31 14:35
Uniti Group Inc. (NASDAQ:UNIT) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Participants Greg Williams - TD Cowen Frank Louthan - Raymond James David Barden - Bank of America Securities Operator Good morning and welcome to today's conference call to discuss the Uniti’s Third Quarter 2024 Earnings Results. My name is Gigi and I'll be your operator for today. Today's call is being recorded a ...