Gregory Williams

Frank Louthan

Bora Lee

David Barden

Michael Rollins

Robert Palmisano

- **Uniti Group Inc.** priced an offering of **$250,000,000** aggregate principal amount of secured fiber network revenue term notes, which increases its total ABS program issuance to **$839 million**.  **[2020795_962e85a89029469c906b5a8d9d0b58fb_0]** 
- The offering consists of **three classes of notes** (Class A-2, Class B, and Class C) with a weighted average coupon rate of approximately **5.671%** and an anticipated repayment date in **January 2031**.  **[2020795_962e85a89029469c906b5a8d9d0b58fb_0]** 
- The offering is expected to close on **October 24, 2025**, and the net proceeds are intended for **general corporate purposes**, including success-based capital expenditures or repayment of outstanding debt.  **[2020795_962e85a89029469c906b5a8d9d0b58fb_0]**

Uniti Group Prices $250 Million Fiber Securitization Notes Offering

- Uniti Group Inc. announced the launch of an offering of **$250,000,000** aggregate principal amount of secured fiber network revenue term notes, with an anticipated repayment date in **January 2031**.  **[2020795_0000950103-25-012877_dp235539_ex9901.htm:0]** 
- This offering, which is Uniti's **second fiber securitization in 2025**, will be secured by fiber network assets and related customer contracts in Alabama, Florida, Georgia, Louisiana, Mississippi, and South Carolina.  **[2020795_0000950103-25-012877_dp235539_ex9901.htm:0]** 
- The net proceeds are intended for **general corporate purposes**, including potential success-based capital expenditures and/or repayment of outstanding debt.  **[2020795_0000950103-25-012877_dp235539_ex9901.htm:0]** 
- In conjunction with the notes offering, the Issuers anticipate entering into a commitment for a **$75,000,000 variable funding note facility**.  **[2020795_0000950103-25-012877_dp235539_ex9901.htm:0]**

Uniti Group Inc. announces launch of fiber securitization notes offering

- Uniti Group Inc. announced an offering of **$250,000,000** aggregate principal amount of secured fiber network revenue term notes.  **[2020795_ed0971c1412d4f769d7b435c3430ca26_0]** 
- The net proceeds from this offering, which marks Uniti's **second fiber securitization in 2025**, are intended for **general corporate purposes**, including capital expenditures and/or debt repayment.  **[2020795_ed0971c1412d4f769d7b435c3430ca26_0]** 
- The notes will have an anticipated repayment date in **January 2031**, and the Issuers also expect to secure a **$75,000,000** variable funding note facility.  **[2020795_ed0971c1412d4f769d7b435c3430ca26_0]**

Uniti Group Announces Launch of Fiber Securitization Notes Offering

- Uniti Group Inc.'s subsidiary, Windstream Services, LLC, priced an upsized offering of **$1.4 billion** aggregate principal amount of **7.50% Senior Secured Notes due 2033**.  **[2020795_0000950103-25-012239_dp234910_ex9901.htm:1]** **[2020795_0000950103-25-012239_dp234910_8k.htm:2]** 
- The offering was increased by **$500.0 million** compared to the previously announced size of $900.0 million and is expected to close on **October 6, 2025**.  **[2020795_0000950103-25-012239_dp234910_ex9901.htm:1]** **[2020795_0000950103-25-012239_dp234910_8k.htm:2]** 
- The Issuer is also pursuing **$1.0 billion** in incremental term loan borrowings.  **[2020795_0000950103-25-012239_dp234910_ex9901.htm:1]** **[2020795_0000950103-25-012239_dp234910_8k.htm:2]** 
- The combined proceeds from the notes offering and term loan, totaling at least **$2.4 billion**, will be used to fully redeem the outstanding **10.50% senior secured notes due 2028** on **October 6, 2025**.  **[2020795_0000950103-25-012239_dp234910_ex9901.htm:1]** **[2020795_0000950103-25-012239_dp234910_8k.htm:2]**

Uniti Group Inc. Announces Upsized Senior Notes Offering and Redemption of 2028 Notes

- Uniti Group Inc.'s subsidiary, Windstream Services, LLC, is offering **$900 million** aggregate principal amount of senior secured notes due **2033**.  **[2020795_0000950103-25-012108_dp234806_ex9901.htm:0]** **[2020795_0000950103-25-012108_dp234806_8k.htm:1]** 
- The subsidiary is also pursuing up to **$1.5 billion** aggregate principal amount of incremental term loan borrowings.  **[2020795_0000950103-25-012108_dp234806_ex9901.htm:0]** **[2020795_0000950103-25-012108_dp234806_8k.htm:1]** 
- The net proceeds from these offerings will be used to fund the redemption in full of its outstanding **10.50% senior secured notes due 2028**.  **[2020795_0000950103-25-012108_dp234806_ex9901.htm:0]** **[2020795_0000950103-25-012108_dp234806_8k.htm:1]** 
- The redemption of the 2028 secured notes is conditioned upon the receipt of **$2.4 billion** in gross proceeds from the new notes and term loan.  **[2020795_0000950103-25-012108_dp234806_8k.htm:1]** 
- Additionally, the maturity dates of its revolving credit facilities are being extended to **December 30, 2027**.  **[2020795_0000950103-25-012108_dp234806_ex9901.htm:0]** **[2020795_0000950103-25-012108_dp234806_8k.htm:1]**

Uniti Group Inc. Announces Refinancing Transactions

- Uniti Group's recent merger with Windstream aims to create a premier fiber provider, with the combined entity's fiber revenue initially dropping to **40%** from **95%** pre-merger, but targeting **75%-80%** within **three to three and a half years**.  **[2020795_2145839_1]** 
- The company plans to accelerate its fiber buildout, aiming to reach **3.5 million homes by 2029** from the current **1.7 million** within Kinetic's **4.5 million home footprint**.  **[2020795_2145839_1]**  This acceleration involves prioritizing markets based on return dynamics, focusing on denser areas over subsidized builds, and utilizing third-party contractors.  **[2020795_2145839_2]** 
- Uniti acknowledges fixed wireless as a stiffer competitor but believes fiber's superior product will allow them to regain subscribers, maintaining a target of **40% blended penetration**.  **[2020795_2145839_3]** 
- The company is seeing "terrific" demand from hyperscalers, which is expected to impact numbers by **2026**, leveraging its **250,000 route miles** and **5 million connected fiber endpoints**.  **[2020795_2145839_5]** 
- Uniti secured **$156 million** in BEAD funding but intentionally pursued a smaller portion to prioritize non-subsidized builds, supported by the FCC's focus on copper decommissioning and streamlined permitting.  **[2020795_2145839_6]** **[2020795_2145839_4]**

Uniti Group Details Post-Windstream Merger Integration and Growth Plans

- Uniti Group's post-merger strategic priorities include a **full build plan for Kinetic to 3.5 million homes by 2029** and capitalizing on the enhanced fiber infrastructure business, particularly the **AI and hyperscaler opportunity**.  **[2020795_tx_377887_0]** 
- The company anticipates consolidated revenue and EBITDA to be **flattish from 2025 to 2026**, with an **inflection point to positive growth in 2026 to 2027**.  **[2020795_tx_377887_2]** **[2020795_tx_377887_7]** 
- Current leverage is approximately **5.5x** post-merger, expected to rise to **6.0-6.5x** during the investment period through 2029, before deleveraging to a long-term target of **4.0-4.5x**.  **[2020795_tx_377887_7]** 
- The fiber infrastructure business is projected to be a **mid-single digit grower**, with a sales funnel that includes **$1.5 billion in total contract value from hyperscalers**, and lease-up opportunities offering high margins and yields.  **[2020795_tx_377887_5]** **[2020795_tx_377887_7]**

Uniti Group (UNIT)