Financing ·
Kinetic ABS Issuer LLC, an indirect subsidiary of Uniti Group Inc., completed a private offering of $1,140,710,000 in…
UNITUniti Group Inc.
Kinetic ABS Issuer LLC, an indirect subsidiary of Uniti Group Inc., completed a private offering of $1,140,710,000 in secured fiber network revenue term notes, consisting of three classes of notes with interest rates of 5.834%, 6.224%, and 7.536%. The notes have an anticipated repayment date in June 2033 and a legal final maturity date in June 2058. Uniti Group Inc. intends to use the net proceeds for general corporate purposes, including capital expenditures and debt repayment. Uniti Group Inc. operates in the telecommunications industry, providing fiber network infrastructure services.