Uniti Group Inc Stock Price, News & Analysis

Uniti Group Inc. (Nasdaq: UNIT) announced the pricing of $800 million in new 8.250% Senior First Lien Notes due 2031 by Windstream subsidiaries. The indenture will allow for the collapse of Uniti's and Windstream's debt silos upon the closing of their planned merger. Concurrently, Windstream agreed to a $500 million incremental first lien term loan facility. Windstream will amend its credit agreement to permit the post-closing reorganization.

The offerings are expected to close on October 4, 2024. Windstream plans to use the proceeds to repay and refinance certain loans, and potentially invest in network expansion, including accelerating its Kinetic fiber-to-the-home buildout. The refinancing and amendments provide a clear path to collapsing the dual debt silos upon merger closing, strengthening Windstream's position in the residential fiber market.

Uniti Group Inc. (Nasdaq: UNIT) announced the successful completion of Windstream's consent solicitation to amend the indenture governing their 7.750% Senior Secured Notes due 2028. The amendments allow for the consolidation of Windstream and Uniti's debt into a single silo capital structure following their planned merger. This change is expected to result in a simplified capital structure and remove perceived overhangs related to current master lease agreements.

The amendments modify covenants to permit the post-closing reorganization, align collateral packages, and grant authorizations to implement changes. The merger is expected to close in the second half of 2025, subject to customary conditions and regulatory approvals. The implementation of these amendments is not a condition for closing the merger, and Uniti's outstanding indebtedness terms will not change as a result.

Uniti Group Inc. (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, will be presenting at the RBC Capital Markets 2024 Global Communications Infrastructure Conference. The presentation is scheduled for September 25, 2024, at 10:50 AM CDT / 11:50 AM EDT in Chicago, IL.

Investors and interested parties can access a live webcast of the event through Uniti's Investor Relations website at investor.uniti.com. The webcast will also be available for replay for a time after the presentation concludes, providing an opportunity for those unable to attend live to catch up on the information shared.

Uniti Group Inc. (Nasdaq: UNIT) has announced its participation in the Deutsche Bank 32nd Annual Leveraged Finance Conference. The company's Senior VP, CFO, and Treasurer, Paul Bullington, along with VP of Investor Relations & Treasury, Bill DiTullio, are set to present on September 24, 2024, at 8:40 AM MST / 11:40 AM EDT in Scottsdale, AZ.

Investors and interested parties can access a live webcast of the presentation through Uniti's Investor Relations website at investor.uniti.com. The webcast will be available for replay for a time after the event, providing an opportunity for those unable to attend live to catch up on the presentation.

Uniti Group Inc. (Nasdaq: UNIT) has secured a new 20-year contract with a major hyperscale customer in Alabama. The project involves constructing a 200+ route mile long-haul fiber network connecting new data centers optimized for Generative AI. Uniti will build a multi-duct fiber system with high-count cables between Montgomery and Mobile, AL, creating a diverse path and allowing interconnection to other regional and long-haul routes.

This contract, executed in Q2, demonstrates Uniti's strong momentum in the hyperscale segment. The company plans to deliver these fiber routes in 2025. Over recent years, Uniti has invested over $300 million in Alabama, building nearly 4,000 fiber route miles. The company also received 'Alabama Middle Mile' grant funding to enhance route diversity throughout the state.

Uniti Group Inc. (Nasdaq: UNIT) has announced its participation in the Citi 2024 Global TMT Conference on September 5, 2024, in New York, NY. The company will be represented by Paul Bullington, Senior Vice President, Chief Financial Officer and Treasurer, and Bill DiTullio, Vice President of Investor Relations & Treasury.

This event provides an opportunity for Uniti to engage with investors and industry professionals. Any materials presented at the conference will be made available on Uniti's Investor Relations website under the Events & Presentations tab. This participation underscores Uniti's commitment to maintaining open communication with its stakeholders and showcasing its position in the telecommunications infrastructure sector.

Uniti Group Inc. (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, will be presenting at the BofA Securities 2024 Media, Communications and Entertainment Conference. The presentation is scheduled for September 4, 2024, at 2:00 PM EDT in New York, NY.

Investors and interested parties can access a live webcast of the event through Uniti's Investor Relations website at investor.uniti.com. The company has also stated that a replay of the webcast will be available for a time following the presentation, providing an opportunity for those unable to attend or watch live to catch up on the information shared.

Uniti Group Inc. (UNIT) reported solid Q2 2024 results, with consolidated revenues of $294.9 million and net income of $18.3 million. Key highlights include:

- Consolidated bookings MRR of $1.1 million, up 50% YoY
- Net income of $0.07 per diluted common share
- AFFO of $0.34 per diluted common share
- Adjusted EBITDA of $236.7 million with 80% margins
- Strong demand from Hyperscalers and Generative AI, driving 40% of bookings
- Core recurring strategic fiber business grew 3% YoY
- Progress on transformational merger with Windstream, expected to close by H2 2025

Uniti updated its 2024 outlook, projecting revenue of $1,154-$1,174 million and Adjusted EBITDA of $930-$950 million.

Uniti Group Inc. (Nasdaq: UNIT) has announced that its President and CEO, Kenny Gunderman, will be presenting at the TD Cowen 10th Annual Communications Infrastructure Summit. The presentation is scheduled for August 13, 2024, at 2:55 PM MDT / 4:55 PM EDT in Boulder, CO.

Investors and interested parties can access a live webcast of the event through Uniti's Investor Relations website at investor.uniti.com. The webcast will also be available for replay for a time after the presentation concludes.

This event provides an opportunity for Uniti to showcase its position in the communications infrastructure sector and potentially discuss its strategies and outlook with industry professionals and investors.