Uniti Group Inc. Announces Refinancing Transactions
Uniti Group (NASDAQ:UNIT) announced a significant refinancing initiative through its subsidiary, Windstream Services. The company plans to offer $900 million in senior secured notes due 2033 and is pursuing up to $1.5 billion in incremental term loan borrowings.
The company also aims to extend the maturity dates of its revolving credit facilities to December 30, 2027. The proceeds will be used to redeem Windstream's outstanding 10.50% senior secured notes due 2028 and cover related expenses. The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and international investors under Regulation S.
Uniti Group (NASDAQ:UNIT) ha annunciato una significativa iniziativa di rifinanziamento tramite la controllata Windstream Services. L'azienda intende offrire 900 milioni di dollari in obbligazioni garantite senior con scadenza 2033 e sta perseguendo fino a 1,5 miliardi di dollari in ulteriori prestiti a termine.
L'azienda punta inoltre a estendere le date di scadenza delle sue linee di credito rotative al 30 dicembre 2027. I proventi saranno utilizzati per rimborsare i note senior secured Windstream in circolazione al 10,50% con scadenza 2028 e coprire le spese correlate. Le nuove obbligazioni saranno offerte esclusivamente a investitori istituzionali qualificati ai sensi della Rule 144A e a investitori internazionali ai sensi del Regolamento S.
Uniti Group (NASDAQ:UNIT) anunció una significativa iniciativa de refinanciamiento a través de su filial Windstream Services. La empresa planea emitir 900 millones de dólares en notas senior garantizadas con vencimiento en 2033 y busca hasta 1.5 mil millones de dólares en préstamos a término adicionales.
La compañía también busca ampliar las fechas de vencimiento de sus facilidades de crédito revolventes al 30 de diciembre de 2027. Los ingresos se utilizarán para canjear las notas senior garantizadas de Windstream con interés del 10,50% vencimiento 2028 y cubrir gastos relacionados. Las nuevas notas se ofrecerán exclusivamente a compradores institucionales calificados bajo la Regla 144A y a inversores internacionales bajo el Reglamento S.
유니티 그룹(NASDAQ: UNIT)은 자회사 Windstream Services를 통해 중대한 재조달 이니셔티브를 발표했습니다. 회사는 2033년 만기 고정담보채 9억 달러를 발행하고 추가로 15억 달러의 기간 대출을 모색하고 있습니다.
또한 순환 신용시설의 만기일을 2027년 12월 30일로 연장하는 것을 목표로 합니다. 조달된 자금은 Windstream의 미상환 10.50% 고정담보채권(만기 2028) 상환 및 관련 비용을 충당하는 데 사용됩니다. 신규 채권은 규칙 144A에 따른 적격기관투자자와 Regulation S에 따른 국제 투자자에게만 제공됩니다.
Uniti Group (NASDAQ:UNIT) a annoncé une importante initiative de refinancement via sa filiale Windstream Services. L'entreprise prévoit d'émettre 900 millions de dollars d'obligations garanties seniors arrivant à maturité en 2033 et recherche jusqu'à 1,5 milliard de dollars de prêts supplémentaires à terme.
Elle vise également à porter les dates d'échéance de ses facilités de crédit renouvelables au 30 décembre 2027. Le produit de l'opération sera utilisé pour racheter les obligations garanties senior en circulation de Windstream à 10,50% arrivant à maturité en 2028 et pour couvrir les frais connexes. Les nouvelles obligations seront offertes exclusivement à des acheteurs institutionnels qualifiés en vertu de la Rule 144A et à des investisseurs internationaux en vertu du Reg S.
Uniti Group (NASDAQ:UNIT) kündigte über seine Tochtergesellschaft Windstream Services eine bedeutende Refinanzierungsinitiative an. Das Unternehmen plant, 900 Millionen US-Dollar an Senior Secured Notes mit Fälligkeit 2033 auszugeben und strebt nach bis zu 1,5 Milliarden US-Dollar zusätzlichen Term Loan-Aufnahmen.
Außerdem zielt das Unternehmen darauf ab, die Laufzeiten seiner revolvierenden Kreditfazilitäten bis zum 30. Dezember 2027 zu verlängern. Die Erlöse sollen verwendet werden, um die ausstehenden 10,50%-Senior-Secured-Notes von Windstream mit Fälligkeit 2028 zurückzuzahlen und damit verbundene Kosten zu decken. Die neuen Anleihen werden ausschließlich an qualifizierte institutionelle Käufer gemäß Rule 144A und an internationale Investoren gemäß Regulation S angeboten.
Uniti Group (المدرجة في ناسداك:UNIT) أعلنت عن مبادرة إعادة تمويل كبيرة من خلال شركتها التابعة Windstream Services. تخطط الشركة لإصدار 900 مليون دولار من سندات مضمونة عالية الأمان حتى تاريخ الاستحقاق 2033 وتسعى للحصول على حتى 1.5 مليار دولار من قروض آجلة إضافية.
كما تهدف إلى تمديد تواريخ استحقاق مرافقها الائتمانية القابلة للدوران إلى 30 ديسمبر 2027. سيتم استخدام العائدات لإعادة شراء سندات Windstream المضمونة العليا 10.50% المستحقة في 2028 وتغطية النفقات ذات الصلة. ستُطرح السندات الجديدة حصرياً للمشترين المؤسسيين المؤهلين بموجب القاعدة 144A وللمستثمرين الدوليين بموجب التنظيم S.
Uniti Group (NASDAQ:UNIT) 通过其子公司 Windstream Services 宣布了一项重大再融资计划。公司计划发行价值9亿美元的2033年到期的高级有担保票据，并寻求高达15亿美元的追加定期贷款。
此外，该公司还计划将循环信贷额度的到期日延长至2027年12月30日。募集资金将用于赎回 Windstream 现有的10.50%、到期日为2028年的高级有担保票据并覆盖相关费用。新票据将仅向符合 Rule 144A 的机构买家及符合 Regulation S 的国际投资者发行。
- Refinancing could potentially reduce interest expenses through new notes
- Extension of revolving credit facilities maturity to December 2027 improves debt structure
- Large-scale refinancing ($2.4B total) demonstrates strong market access
- Additional debt of $900M in senior secured notes
- Significant increase in term loan borrowings up to $1.5B
- Restricted offering limited to qualified institutional buyers may limit investor base
Insights
Uniti's refinancing reduces interest burden by replacing 10.50% notes with likely lower-rate debt while extending maturities to 2033.
Uniti Group is undertaking a comprehensive refinancing plan to optimize its debt structure. The company is issuing
This transaction accomplishes several strategic objectives. First, it extends debt maturities significantly from 2028 to 2033 for the notes component, reducing near-term refinancing risk. Second, while the new interest rates aren't specified, current market conditions suggest rates will be meaningfully lower than the 10.50% on the existing notes, which should reduce interest expense and improve cash flow.
Additionally, Uniti is extending the maturity dates of revolving credit facilities under both legacy Uniti and Windstream credit agreements to December 2027, further strengthening their debt maturity profile. This coordinated approach to refinancing demonstrates proactive liability management.
The transaction structure—using both notes and term loans—provides diversification in funding sources. This refinancing represents a positive development in Uniti's capital structure management, potentially freeing up cash flow previously directed toward higher-cost debt service.
LITTLE ROCK, Ark., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that its subsidiary, Windstream Services, LLC (the “Issuer”), has commenced an offering (the “Offering”) of
The Issuer is also pursuing up to
The Issuer intends to use the net proceeds from the Offering and the borrowings under the 2025 Term Loan to fund the redemption in full (the “Redemption”) of its outstanding
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 will be 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. This press release does not constitute a notice of redemption with respect to the 2028 secured notes.
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 refinancing activities and use of proceeds from such activities. 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; 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 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 is the size of Uniti Group's (UNIT) new refinancing transaction announced in September 2025?
What is the purpose of UNIT's 2025 refinancing transaction?
When will Uniti Group's (UNIT) revolving credit facilities mature after the refinancing?
Who can participate in Uniti Group's (UNIT) new notes offering?
What guarantees are provided for Uniti's new senior secured notes?
