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Uniti Group (NASDAQ: UNIT) to issue $960M secured fiber notes

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

Rhea-AI Filing Summary

Uniti Group Inc. reported that its subsidiary Kinetic ABS Issuer LLC plans an offering of $960.10 million aggregate principal amount of secured fiber network revenue term notes. These notes will be privately offered to qualified institutional buyers under Rule 144A and to certain investors outside the United States under Regulation S and will not be registered under the Securities Act or state securities laws.

In connection with the notes, the issuer expects to enter into a $150.0 million variable funding note facility with a delayed commitment availability feature, subject to leverage tests and other customary conditions. It also expects to put in place a separate liquidity funding note facility that can be drawn to support a liquidity reserve and cover specified payment shortfalls, all under the same indenture as the term notes.

Positive

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Insights

Uniti adds nearly $1.1B of structured, secured financing tied to its fiber network revenues.

Uniti Group outlines a financing package centered on $960.10 million of secured fiber network revenue term notes issued by subsidiary Kinetic ABS Issuer LLC. These notes are targeted to institutional investors under Rule 144A and to non-U.S. investors under Regulation S, indicating a private, structured debt placement rather than a public bond issue.

The issuer also expects a $150.0 million variable funding note facility with delayed commitment availability and leverage-based and other customary drawing conditions, plus a liquidity funding note facility to support a liquidity reserve and specified payment shortfalls. Both facilities will sit under the same indenture as the term notes, tying them directly to the same revenue-backed structure and covenant framework.

Overall impact on leverage, interest cost, and cash flows will depend on pricing, covenants, and how proceeds are ultimately used, which are not detailed in the excerpt. Future periodic reports for periods after January 8, 2026 may provide more clarity on the balance sheet and cash flow effects of these transactions.

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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): January 8, 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 8.01Other Events

 

On January 8, 2026, Uniti Group Inc. (“Uniti” or the “Company”) issued a press release to announce an offering of $960.10 million aggregate principal amount of secured fiber network revenue term notes (the “Notes”) by its subsidiary, Kinetic ABS Issuer LLC (the “Issuer”). 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.

 

In connection with the offering of the Notes, the Issuer expects to enter into a $150.0 million variable funding note facility with a delayed commitment availability feature. subject to leverage tests and other customary availability/drawing conditions. The Issuer also expects to enter into a liquidity funding note facility, which may be drawn solely to support the transaction’s liquidity reserve and to cover specified payment shortfalls. The variable funding notes and the liquidity funding notes will be governed by the same indenture that will govern the Notes.

 

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. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Forward-Looking Statements

 

This Current Report on Form 8-K 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: 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 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.

 

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

No.

Description of Exhibit
   
99.1Press release issued January 8, 2026.
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

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: January 8, 2026

 

 

FAQ

What financing did Uniti Group Inc. (UNIT) announce in this 8-K?

Uniti Group announced that its subsidiary Kinetic ABS Issuer LLC plans to offer $960.10 million aggregate principal amount of secured fiber network revenue term notes.

Are Uniti Group’s new secured fiber network notes registered with the SEC?

No. The secured fiber network revenue term notes will not be registered under the Securities Act or state securities laws and may be offered or sold only under an applicable exemption.

Who can buy the new Uniti Group secured fiber notes?

The notes will be offered only to qualified institutional buyers under Rule 144A in the United States and to certain investors outside the United States in compliance with Regulation S.

What additional facilities does Kinetic ABS Issuer LLC expect to enter into?

The issuer expects to enter into a $150.0 million variable funding note facility with delayed commitment availability and a liquidity funding note facility to support a liquidity reserve and cover specified payment shortfalls.

How are the variable funding and liquidity notes related to the secured fiber term notes?

The variable funding notes, liquidity funding notes, and the secured fiber network revenue term notes will all be governed by the same indenture.

What risks did Uniti highlight regarding the proposed secured note offering?

Uniti cited risks including demand for residential fiber network services, competition and overbuilding, indebtedness, rapid technology changes, information technology and data risks, regulatory risks, and legal and economic conditions, as well as risks related to the merger of Uniti and Windstream.
Uniti Group Inc

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1.79B
231.76M
3.53%
166.64%
2.45%
REIT - Specialty
Telephone Communications (no Radiotelephone)
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United States
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