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Uniti Group ( (UNIT) ) has provided an update.
On February 3, 2025, Uniti Group Inc. announced the completion of a $589 million inaugural fiber securitization notes offering through its subsidiaries Uniti Fiber ABS Issuer LLC and Uniti Fiber TRS Issuer LLC. The offering consisted of three classes of notes with different interest rates, secured by fiber network assets in Florida and the Gulf Coast region. The proceeds will be used to repay existing debt and fund the partial redemption of $125 million of senior secured notes due 2028. This transaction marks Uniti’s first enterprise fiber securitization, aimed at strengthening its balance sheet and reducing its cost of capital.
More about Uniti Group
Uniti Group Inc. is an internally managed real estate investment trust focused on acquiring and constructing mission-critical communications infrastructure. The company is a leading provider of fiber and other wireless solutions for the communications industry and owns approximately 144,000 fiber route miles and 8.7 million fiber strand miles across the United States.
YTD Price Performance: -1.80%
Average Trading Volume: 2,015,508
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.33B
For detailed information about UNIT stock, go to TipRanks’ Stock Analysis page.
