Uniti Group Inc. Announces Pricing of Windstream Add-On Offering of 8.250% Senior First Lien Notes

Core Viewpoint - Uniti Group Inc. announced the pricing of $1.4 billion in additional 8.250$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].