Uniti Group Launches $250M Secured Fiber Notes Secured by Southeastern U.S. Assets

Uniti Group Inc. has launched a $250 million offering of secured fiber network revenue term notes maturing in January 2031, backed by fiber network assets and related customer contracts across six southeastern states including Alabama, Florida, and Georgia. Alongside this offering, Uniti expects to secure a $75 million variable funding note facility with a delayed draw feature, both governed by the same indenture. The net proceeds from the notes will be used for general corporate purposes, including potential capital expenditures and repayment of existing debt. Uniti, a real estate investment trust specializing in fiber infrastructure with about 140,000 route miles primarily in the Southeast, is set to merge with Windstream, which will expand its network significantly and add a consumer telecom business line. The notes offering will be conducted only with qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S, and the securities will not be registered under the Securities Act. This marks Uniti's second fiber securitization in 2025, highlighting its ongoing strategy to leverage fiber assets to support growth and financial stability.