Uniti Group Inc. announced a $500 million term loan prepayment offer and concurrent asset sale offers for its senior secured notes. Following a $1.1 billion private offering of secured fiber network revenue term notes by Kinetic ABS Issuer LLC, the company intends to ability to use net cash proceeds to repay senior secured indebtedness. The asset sale offers for the 4.750% Senior Secured Notes due 2028 and 7.500% Senior Secured Notes due 2033 will expire on August 20, 2026. Uniti Group Inc. operates in the telecommunications infrastructure industry, providing fiber network services.
