Uniti Group Inc. Announces Private Offering of Senior Notes

Rhea-AI Summary

Uniti Group (Nasdaq: UNIT) announced a private offering of $500 million aggregate principal amount of 8.625% senior notes due 2032 by four subsidiaries, subject to market conditions, with the company and certain subsidiaries agreeing to guarantee the Notes on a senior unsecured basis.

Proceeds, together with cash on hand, are intended to repay borrowings under Uniti Services’ senior secured first lien term loan due 2031 and to pay related fees and expenses. The Notes will be offered under Rule 144A and Regulation S and will not be registered under the Securities Act. Regulated subsidiaries are expected to seek guarantee approval within 60 days. The Notes may be exchanged into additional fungible notes under the 2025 Indenture upon receipt of required guarantees.

Positive

• Raises $500 million of long‑dated financing due 2032
• Proceeds to repay Uniti Services’ term loan due 2031
• Notes予定to become fungible with existing 2032 notes under 2025 Indenture

Negative

• High coupon cost at 8.625% increases interest expense
• Notes initially unregistered, limiting liquidity and retail access
• Guarantee from regulated subsidiaries requires regulatory approval within 60 days

News Market Reaction

+3.33%

1 alert

+3.33% News Effect

On the day this news was published, UNIT gained 3.33%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New senior notes: $500 million Coupon rate: 8.625% Q3 2025 revenue: $722.6 million +5 more

8 metrics

New senior notes $500 million Aggregate principal amount of 8.625% senior notes due 2032

Coupon rate 8.625% Interest rate on new senior notes due 2032

Q3 2025 revenue $722.6 million Quarterly revenue and sales

Q3 2025 operating loss $42.6 million Quarterly operating loss

Q3 2025 interest expense $168.2 million Quarterly interest expense

Q3 2025 net income $1,608.9 million Quarterly net income including gain on settlement

Q3 2025 diluted EPS $4.92 Quarterly diluted earnings per share

Notes and other debt $9,285.1 million Total notes and other debt as of Q3 2025

Market Reality Check

Price: $8.07 Vol: Volume 2,484,933 is rough...

normal vol

$8.07 Last Close

Volume Volume 2,484,933 is roughly in line with the 20-day average of 2,465,389. normal

Technical Trading above 200-day MA at $5.73 with price at $7.50, about 10.7% below the 52-week high of $8.40.

Peers on Argus

UNIT was down 0.13% pre-news, while key REIT peers like FPI (-1.32%), LAND (-1.7...

UNIT was down 0.13% pre-news, while key REIT peers like FPI (-1.32%), LAND (-1.70%), and OUT (-1.09%) were also lower, suggesting broad REIT softness but no momentum-flagged sector move.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Securitization pricing	Positive	+0.1%	Pricing of $960.1M secured fiber revenue term notes for Kinetic.
Jan 13	AI network expansion	Positive	-2.4%	1,100 new fiber miles and >$500M 20-year AI-related contract.
Jan 08	Securitization launch	Neutral	-1.5%	Launch of $960.1M secured fiber network revenue term notes.
Dec 22	Community campaign	Positive	+1.4%	Launch of 2025 Kinetic Kindness nationwide giving initiatives.
Dec 02	Conference participation	Neutral	+0.6%	Participation in Raymond James 2025 TMT and Consumer Conference.

Pattern Detected

Recent news has focused on financings and fiber securitizations, with mostly modest stock reactions and one notable selloff following a positive AI-driven expansion update.

Recent Company History

Over the past two months, Uniti’s news flow has centered on structured financings and network growth. Securitization offerings on Jan 8 and Jan 15, 2026 prompted modest share moves. An AI-oriented fiber expansion on Jan 13, 2026 with a >$500 million contract saw the stock fall 2.43%, indicating occasional negative reactions to growth news. Earlier, community and conference updates in late 2025 drew small positive moves. Today’s private senior-notes offering fits this ongoing balance-sheet and funding theme.

Market Pulse Summary

This announcement highlights Uniti’s continued focus on refinancing and extending its debt profile v...

Analysis

This announcement highlights Uniti’s continued focus on refinancing and extending its debt profile via a $500 million private offering of 8.625% senior notes due 2032. Net proceeds are earmarked to repay borrowings under a senior secured first-lien term loan due 2031, fitting a broader pattern of structured financings and securitizations seen in recent 8-Ks. With Q3 2025 notes and other debt at $9,285.1 million and interest expense of $168.2 million, investors may track future updates on leverage, maturities, and interest costs.

Key Terms

senior notes, senior unsecured, senior secured credit facilities, indenture, +3 more

7 terms

senior notes financial

"have commenced an offering of $500 million aggregate principal amount of 8.625% senior notes due 2032"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

senior unsecured financial

"The Notes will be guaranteed on a senior unsecured basis by the Company"

Senior unsecured is a type of loan or bond that has priority over other unsecured obligations for repayment if a company runs into financial trouble, but it is not backed by specific assets as collateral. Think of it as being near the front of a line to get paid, but without a pledged item to seize if the borrower defaults; that higher repayment priority typically makes it less risky than subordinated debt but more risky than secured debt, which influences the interest rate investors demand.

senior secured credit facilities financial

"that guarantees indebtedness under our senior secured credit facilities and existing notes"

Senior secured credit facilities are loans or lines of credit that a company borrows where lenders have first claim on specified assets if the company cannot pay back its debts. Think of it like a mortgage on a house: the bank holds the deed (collateral) and gets paid before other creditors, which usually makes the loan cheaper for the borrower. Investors watch these arrangements because they affect a company’s cost of borrowing, financial risk, and how available assets are prioritized if the company faces financial trouble.

indenture financial

"under the indenture dated as of June 24, 2025 among the Issuers"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

CUSIP number financial

"expected to have the same CUSIP number as, and be fungible with, the existing 8.625% senior notes"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

Rule 144A regulatory

"offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

Regulation S regulatory

"and to persons other than U.S. persons in offshore transactions in compliance with Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

AI-generated analysis. Not financial advice.

LITTLE ROCK, Ark., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” “we,” or “our”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Services LLC (formerly Windstream Services, LLC) (“Uniti Services”), Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “Issuers”), have commenced an offering of $500 million aggregate principal amount of 8.625% senior notes due 2032 (the “Notes”), subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by the Company, Uniti Group LLC, Uniti Services’ immediate parent, and each of Uniti Services’ restricted subsidiaries (other than the Issuers) that guarantees indebtedness under our senior secured credit facilities and existing notes (except initially those subsidiaries that require regulatory approval prior to guaranteeing the Notes (such entities, the “regulated subsidiaries”)).

Within 60 days of the issuance of the Notes, Uniti Services will (or cause its applicable subsidiaries to) file to obtain regulatory approval to enable the regulated subsidiaries to guarantee the Notes, and it will use commercially reasonable efforts to obtain such approval. Upon the guarantee of the Notes by each of the regulated subsidiaries that guarantee the Issuers' existing 8.625% senior notes due 2032, the Notes are expected to be mandatorily exchanged for 8.625% senior notes due 2032 issued as “additional notes” under the indenture dated as of June 24, 2025 among the Issuers, the guarantors party thereto and the trustee party thereto (the “2025 Indenture”). Any such additional notes are expected to be part of the same series as the existing 8.625% senior notes due 2032 issued under the 2025 Indenture, and are expected to have the same CUSIP number as, and be fungible with, the existing 8.625% senior notes due 2032 issued under the 2025 Indenture.

The Issuers intend to use the net proceeds from the offering of the Notes, together with cash on hand, to repay borrowings under Uniti Services’ senior secured first lien term loan facility due 2031 and to pay related fees and expenses.

The Notes and the additional notes, if any, 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 will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and to persons other than U.S. persons in offshore transactions 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 proposed 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: unanticipated difficulties or expenditures relating to the merger of Uniti and Windstream (the “Merger”); the risk that we fail to fully realize the potential benefits, expected synergies, efficiencies and cost savings from the Merger within the expected time period (if at all); our ability to generate sufficient cash flow to service our outstanding indebtedness and the covenants in our debt agreements, which could reduce funds available for business purposes and limit our operational flexibility; our ability to access debt and equity capital markets; competition and overbuilding in consumer service areas and general competition in business markets; continued loss of consumer households served and consumer high-speed internet customers; adverse impacts of inflation, higher interest rates, tariffs, trade restrictions, trade wars, federal government shutdown and the potential for economic slowdown on our employees, our business, the business of our consumers and other business partners and the global financial markets; 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; changes in the U.S. tax law and other federal, state or local laws; our ability to retain our key management personnel; rapid changes in technology, which could affect our ability to compete; information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of data; the possibility that we may experience equipment failures, network damages, natural disasters, cyber-attacks or terrorist attacks for which our insurance may not provide adequate coverage; the risk that we fail to fully realize the potential benefits of or have difficulty in integrating the companies we acquire; other risks inherent in the communications industry and in the ownership of network systems, including potential liability relating to environmental matters; 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 and its predecessor’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 as well as Uniti’s predecessor’s registration statement on Form S-4 dated February 12, 2025. 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

This press release was published by a CLEAR® Verified individual.

FAQ

What debt is Uniti Group (UNIT) offering on January 21, 2026?

Uniti is offering $500 million of 8.625% senior notes due 2032 via subsidiaries.

How will Uniti (UNIT) use proceeds from the $500M 2032 notes offering?

Proceeds, plus cash on hand, are intended to repay borrowings under the senior secured term loan due 2031 and pay fees and expenses.

Will the UNIT 2032 notes be registered for public resale?

No; the notes will not be registered under the Securities Act and will be offered under Rule 144A and Regulation S.

Are Uniti (UNIT) subsidiaries guaranteeing the new 2032 notes and by when?

The notes will be guaranteed by the company and many subsidiaries, and regulated subsidiaries will seek guarantee approval within 60 days.

Will the new UNIT notes be fungible with existing 8.625% 2032 notes?

If regulated subsidiaries provide guarantees, the new notes are expected to be exchanged into additional notes fungible with existing 8.625% 2032 notes under the 2025 Indenture.