Uniti Group Inc. Announces Pricing of $1.1 Billion Kinetic Fiber Securitization Notes Offering
Rhea-AI Summary
Uniti Group (Nasdaq: UNIT) announced pricing of $1.14 billion Kinetic fiber securitization notes. The offering includes Class A-2, B and C term notes with coupons of 5.834%, 6.224% and 7.536%, a weighted average coupon of about 6.180%, and anticipated repayment in June 2033.
The notes will be secured by residential fiber network assets and related customer agreements across 10 U.S. states and are expected to close on July 15, 2026. Uniti plans to use net proceeds for general corporate purposes, including success-based capital expenditures and/or debt repayment.
Positive
- Kinetic fiber securitization totals approximately $1.14 billion in term notes
- Weighted average coupon of approximately 6.180% through anticipated June 2033 repayment
- Secured by residential fiber network assets and customer agreements in 10 U.S. states
- Planned use of proceeds includes success-based capital expenditures and/or debt repayment
- Liquidity funding note facility to be upsized and maturity aligned with notes
Negative
- Residential fiber network assets and related agreements will be pledged as collateral for the notes
- Notes are offered only to qualified institutional buyers and under Regulation S, limiting retail investor access
News Market Reaction – UNIT
On the day this news was published, UNIT declined 1.20%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 01 | Fiber notes launch | Neutral | -0.8% | Announced launch of $1.14B secured fiber network revenue term notes. |
| Jan 30 | Securitization completion | Neutral | -2.6% | Completed $960.1M inaugural fiber securitization with 2031 repayment date. |
| Jan 21 | Upsized senior notes | Neutral | -0.8% | Priced upsized $1.0B 8.625% senior notes due 2032 under Rule 144A/Reg S. |
| Jan 15 | Securitization pricing | Neutral | +0.1% | Priced $960.1M Kinetic fiber securitization with ~5.689% weighted coupon. |
| Jan 08 | Securitization launch | Neutral | -1.5% | Launched $960.1M secured fiber term notes offering to institutional buyers. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent 'offering'-tagged announcements for UNIT have typically seen mild negative to flat next-day moves, with an average change of -1.11% across these financing events.
Over recent months, Uniti has repeatedly used capital markets for fiber-focused financings, including a $960.1M inaugural Kinetic fiber securitization and an upsized $1.0B senior notes deal due 2032. A June 1 launch of this second, larger Kinetic securitization for $1,140,710,000 followed the same playbook: secured by residential fiber assets, privately placed under Rule 144A/Reg S, with proceeds for general corporate purposes and debt repayment. Today’s pricing announcement advances that same financing cycle toward closing.
Key Terms
securitization financial
bankruptcy remote financial
unrestricted subsidiaries financial
liquidity funding note facility financial
Rule 144A regulatory
Regulation S regulatory
qualified institutional buyers financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LITTLE ROCK, Ark., June 05, 2026 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that Kinetic ABS Issuer LLC, a limited-purpose, bankruptcy remote subsidiary of Uniti (the “Issuer”), has priced its offering of
In connection with the closing of the offering of the Notes, the Issuer expects to (i) increase the maximum commitment under its existing liquidity funding note facility to reflect the increase in the transaction’s liquidity reserve requirements that would result from the issuance of the Notes and (ii) extend the maturity of the existing liquidity note facility to align with the final maturity date of the Notes.
Uniti intends to use the net proceeds of the offering of the Notes for general corporate purposes, which may include success-based capital expenditures and/or repayment of outstanding debt.
The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act or any applicable state securities laws. The Notes were offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States in compliance with Regulation S under the Securities Act.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT UNITI
Uniti is a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. We build, operate, and deliver fast and reliable communications services, empowering more than a million consumers and businesses in the digital economy. Our broad portfolio of services is offered through a suite of brands: Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future and management’s current expectations, involve certain risks and uncertainties, and are not guarantees. These forward-looking statements include, but are not limited to, statements regarding the offering of the Notes and use of proceeds therefrom. The words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would,” “predicts” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on the forward-looking statements. Future results may differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that the Company makes. These forward-looking statements involve risks and uncertainties, known and unknown, that could cause events and results to differ materially from those in the forward-looking statements, including, without limitation: the levels of demand for our residential fiber network services within the markets related to the Notes, general market conditions within such markets, our ability to maintain and grow our residential fiber network services within these markets, unanticipated difficulties or expenditures relating to the merger of Uniti and Windstream; competition and overbuilding in consumer service areas and general competition in business markets; risks related to Uniti’s indebtedness, which could reduce funds available for business purposes and operational flexibility; rapid changes in technology, which could affect its ability to compete; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; risks related to various forms of regulation from the Federal Communications Commission, state regulatory commissions and other government entities and effects of unfavorable legal proceedings, government investigations, and complex and changing laws; risks inherent in the communications industry and associated with general economic conditions; and additional risks set forth in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Uniti’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings with the U.S. Securities and Exchange Commission. The discussion of such risks is not an indication that any such risks have occurred at the time of this filing. The Company does not assume any obligation to update any forward-looking statements. Uniti expressly disclaims any obligation to release publicly any updates or revisions to any of the forward-looking statements set forth in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
INVESTOR CONTACTS:
Paul Bullington, 251-662-1512
Senior Executive Vice President, Chief Financial Officer & Treasurer
paul.bullington@uniti.com
Bill DiTullio, 501-850-0872
Senior Vice President, Investor Relations & Treasury
bill.ditullio@uniti.com
MEDIA CONTACTS:
Scott L. Morris
Associate Director, Media & External Communications
501-580-4759
scott.l.morris@uniti.com
Brandi Stafford
Vice President, Corporate Communications
501-351-0067
brandi.stafford@uniti.com
