Uniti Group Inc. Announces Pricing of $589 Million Fiber Securitization Notes Offering

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$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].