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Uniti Group (NASDAQ: UNIT) targets $500M in term loan and note cuts

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Uniti Group Inc. outlines a financing and debt-reduction plan centered on its fiber network assets. On July 15, 2026, indirect subsidiary Kinetic ABS Issuer LLC completed a private offering of $1.1 billion secured fiber network revenue term notes and used the proceeds to purchase assets from certain Uniti subsidiaries in the Kinetic ABS Asset Sale.

The company intends to use part of the resulting net cash for reinvestment, including growth capital expenditures, and $500 million to repay senior secured indebtedness. Uniti Services LLC has notified lenders it will prepay up to $167,791,000 of its senior secured term loan due 2032 on July 30, 2026, and, together with two affiliates, has launched asset sale offers to repurchase up to $332,209,000 of 4.750% senior secured notes due 2028 and 7.500% senior secured notes due 2033. If some term loan lenders decline their share of the prepayment, the issuers plan to increase the note repurchase capacity by the declined amount. The asset sale offers expire at 5:00 p.m., New York City time, on August 20, 2026, unless extended.

Positive

  • $500 million of net cash proceeds is allocated to repay senior secured indebtedness, alongside term loan and note repurchases that together target up to $500 million of secured debt reduction.
  • Asset sale offers to repurchase up to $332,209,000 of 4.750% 2028 notes and 7.500% 2033 notes support a reduction of higher-coupon secured bond obligations.

Negative

  • None.

Insights

Analyzing...

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
ABS term notes issued $1.1 billion Aggregate principal amount of secured fiber network revenue term notes issued July 15, 2026
Debt repayment allocation $500 million Portion of net cash from Kinetic ABS Asset Sale intended to repay senior secured indebtedness
Term Loan Prepayment Amount $167,791,000 Maximum principal of senior secured term loan due 2032 to be prepaid on July 30, 2026
Maximum Offer Amount for notes $332,209,000 Aggregate principal of 2028 and 2033 senior secured notes targeted in asset sale offers
2028 Notes coupon 4.750% Interest rate on Senior Secured Notes due 2028 included in asset sale offers
2033 Notes coupon 7.500% Interest rate on Senior Secured Notes due 2033 included in asset sale offers
Offer expiration 5:00 p.m. on August 20, 2026 Expiration time for the asset sale offers, New York City time, unless extended
bankruptcy-remote financial
"an indirect, bankruptcy-remote unrestricted subsidiary of Uniti Group Inc."
A bankruptcy-remote structure is a legal arrangement that separates specific assets or a subsidiary from the financial troubles of its parent or sponsor, like building a fireproof wall around those assets so problems on one side don’t spread to the other. For investors, it matters because it reduces the chance that the asset pool or debt they own will be claimed by a bankrupt parent, improving predictability of cash flows and recovery prospects if something goes wrong.
asset sale offers financial
"commenced asset sale offers to purchase up to $332,209,000 aggregate principal amount"
aggregate principal amount financial
"a private offering of $1.1 billion aggregate principal amount of secured fiber network"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
senior secured term loan financial
"its senior secured term loan due 2032 to prepay up to $167,791,000 principal amount"
A senior secured term loan is a type of borrowing where a company borrows money and promises to pay it back over a fixed period, with the loan secured by the company's assets as collateral. Because it is "senior," it has priority over other debts if the company faces financial trouble, and being "secured" means lenders have a claim on specific assets. For investors, this makes the loan a safer and more predictable investment compared to unsecured or subordinate debts.
indentures financial
"in accordance with the asset sale covenants within the respective indentures governing the 2028 Notes"
Indentures are the written contracts that set out the terms and protections for a debt issue, such as a bond or note, including payment schedule, interest rate, collateral, and what happens if the borrower misses payments. Think of it like the rulebook and safety features for a loan that both the borrower and lenders agree to; investors use it to assess their rights, recoveries in trouble, and limits on the issuer’s future actions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What major financing did Uniti Group (UNIT) complete in July 2026?
Uniti Group completed a private offering of $1.1 billion secured fiber network revenue term notes through Kinetic ABS Issuer LLC. The proceeds were used to purchase fiber assets from Uniti subsidiaries in the Kinetic ABS Asset Sale.

How does Uniti Group (UNIT) plan to use cash from the Kinetic ABS Asset Sale?
Uniti Group plans to use part of the net cash for reinvestment, including funding growth capital expenditures, and to apply $500 million toward repayment of its senior secured indebtedness.

What is included in Uniti Group (UNIT) term loan prepayment offer?
Uniti Services LLC has issued a prepayment notice to repay up to $167,791,000 principal of its senior secured term loan due 2032 on July 30, 2026, using net proceeds from the Kinetic ABS Asset Sale.

What are the sizes of the asset sale offers for Uniti Group (UNIT) notes?
The issuers launched asset sale offers to purchase up to $332,209,000 aggregate principal of 4.750% senior secured notes due 2028 and 7.500% senior secured notes due 2033, in line with asset sale covenants.

When do Uniti Group (UNIT) asset sale offers expire?
The asset sale offers for the 2028 and 2033 senior secured notes are scheduled to expire at 5:00 p.m., New York City time, on August 20, 2026, unless extended by the issuers.

What happens if Uniti Group (UNIT) term loan lenders decline prepayment?
If some term loan lenders decline their pro rata share and less than $167,791,000 is prepaid, the issuers intend to increase the note repurchase maximum by the declined prepayment amount.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 23, 2026

 

Uniti Group Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-42779   85-2262564

(State or other jurisdiction

of incorporation) 

  

(Commission  

File Number)  

  

(IRS Employer 

Identification No.) 

 

2101 Riverfront Drive, Suite A 

Little Rock, Arkansas

   72202
(Address of principal executive offices)   (Zip Code)

 

 

Registrant’s telephone number, including area code: (501) 850-0820

 

Not Applicable 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock UNIT The NASDAQ Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01 Other Events

 

$500 Million Term Loan Prepayment Offer & Asset Sale Offers

 

On July 15, 2026, Kinetic ABS Issuer LLC (“Kinetic ABS Issuer”), an indirect, bankruptcy-remote unrestricted subsidiary of Uniti Group Inc. (the “Company,” “we,” “us,” or “our”), completed a private offering of $1.1 billion aggregate principal amount of secured fiber network revenue term notes, the proceeds of which were used to purchase assets held by certain subsidiary guarantors of the Company’s senior indebtedness that were contributed to certain subsidiaries of Kinetic ABS Issuer (the “Kinetic ABS Asset Sale”). The Company intends to use a portion of the net cash provided by the Kinetic ABS Asset Sale for reinvestments in the business, including to fund growth capital expenditures, and $500 million of such net cash proceeds to repay senior secured indebtedness of the Company.

 

On July 23, 2026, Uniti Services LLC (“Uniti Services”) issued a prepayment notice to the lenders of its senior secured term loan due 2032 (the “Term Loan”) to prepay up to $167,791,000 principal amount (the “Term Loan Prepayment Amount”) of Term Loan on July 30, 2026 (the “Term Loan Prepayment Offer”).

 

Concurrently and in connection with the Term Loan Prepayment Offer, on July 23, 2026, Uniti Services, Uniti Group Finance 2019 Inc. (“UGF”) and CSL Capital, LLC (“CSL Capital,” and together with Uniti Services and UGF, the “Issuers”), each a wholly-owned subsidiary of the Company, commenced asset sale offers (the “Asset Sale Offers”) to purchase up to $332,209,000 aggregate principal amount (the “Maximum Offer Amount”) of the 4.750% Senior Secured Notes due 2028 issued by Uniti Services, UGF and CSL Capital (the “2028 Notes”) and 7.500% Senior Secured Notes due 2033 issued by Uniti Services (the “2033 Notes”, and together with the 2028 Notes, the “Notes”) in accordance with the asset sale covenants within the respective indentures governing the 2028 Notes and 2033 Notes. To the extent certain term loan lenders decline their pro rata share of the Term Loan Prepayment Amount and the total principal amount of Term Loan that is prepaid is less than the Term Loan Prepayment Amount (such difference, the “Declined Prepayment Amount”), the Issuers intend to amend the Asset Sale Offers to increase the Maximum Offer Amount in an amount equal to the Declined Prepayment Amount.

 

The Asset Sale Offers will expire at 5:00 p.m., New York City time, on August 20, 2026, unless extended. Holders of the Notes can request a copy of the offer to purchase dated July 23, 2026 setting forth the terms and conditions of the Asset Sale Offers by contacting Sodali & Co., the information and tender agent for the Asset Sale Offers, at 333 Ludlow Street, South Tower, 5th Floor, Stamford, CT 06902, Tel: +1 203 658 9457, E-mail: uniti@investor.sodali.com or through the offer website at https://projects.sodali.com/uniti.

 

This report does not constitute an offer to sell, or a solicitation of an offer to buy, any security (including the Notes). No offer, solicitation or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITI GROUP INC.
   
  By:

/s/ Daniel L. Heard 

    Name: Daniel L. Heard
    Title: Senior Executive Vice President - General Counsel and Secretary

 

Dated: July 23, 2026

 

 

Source: View Original Filing on SEC EDGAR

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