Uniti Group Inc. announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc., and CSL Capital, LLC, have priced an offering of $600 million aggregate principal amount of 8.625% Senior Unsecured Notes due 2032. The notes will be issued at an issue price of 100.000%.
The offering is expected to close on June 24, 2025, and the notes will be guaranteed on a senior unsecured basis by Uniti and its relevant subsidiaries. This financing initiative aims to optimize the company's debt structure and extend its maturity profile.
The net proceeds from this offering are intended to fund the partial redemption of $500 million aggregate principal amount of Uniti's outstanding 10.50% senior notes due 2028. This redemption, conditioned upon the completion of debt financings totaling at least $550 million, will reduce the company's more expensive secured debt.
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