Uniti Group announces private offering of senior notes

Uniti Group (UNIT) announced that its subsidiaries, Uniti Group, Uniti Fiber Holdings, Uniti Group Finance 2019 and CSL Capital, have commenced an offering of $600 million aggregate principal amount of senior notes due 2032, subject to market and other conditions. The notes will be guaranteed on a senior unsecured basis by the Company and by each of its subsidiaries that guarantees indebtedness under the Company’s senior secured credit facility and the Company’s existing notes. The issuers intend to use the net proceeds from the offering of the notes to fund the partial redemption of $500 million aggregate principal amount of their outstanding 10.50% senior notes due 2028, including related premiums, fees and expenses in connection with the foregoing. The issuers intend to redeem the 2028 secured notes on June 24, 2025 at a redemption price determined in accordance with the indenture governing the 2028 secured notes plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The notice of redemption issued today for the 2028 secured notes is conditioned upon completion of one or more debt financings in an aggregate gross proceeds amount of at least $550 million. This press release does not constitute a notice of redemption with respect to the 2028 secured notes. The issuers intend to use any remaining net proceeds from the offering of the notes for general corporate purposes.