Uniti Group Announces Mandatory Exchange Date for 10.50% Senior Secured Notes

Uniti Group Inc. (NASDAQ: UNIT) and its affiliates, including Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc., and CSL Capital, LLC, have disclosed the mandatory exchange date of Uniti Group’s 10.50% Senior Secured Notes due 2028. The announcement, made on October 25, 2024, pertains to the notes issued in accordance with the indenture dated May 17, 2024, and amended as of the current date.

The Notes will now be exchanged for 10.50% Senior Secured Notes due 2028, issued as “additional notes” under the indenture dated February 14, 2023, and amended as of the current date. These “additional notes” will belong to the same series as the existing 10.50% Senior Secured Notes due 2028 issued under the 2023 Indenture, bearing the same CUSIP numbers and being fungible with the notes issued previously. The mandatory exchange is set to take place on November 1, 2024, with no action or consent required by the holders of the Notes to facilitate the exchange.

It is essential to note that this formal communication on Form 8-K does not serve as the notice of the exchange of the Notes. Holders of the Notes are advised to consult the notice of exchange, to be furnished to registered holders by the Trustee.

In compliance with regulatory requirements, a Cover Page Interactive Data File (embedded within the Inline XBRL document) is included as Exhibit 104.

For further updates and details on the mandatory exchange of the Notes, interested parties are encouraged to refer to the formal notice to be distributed by the Trustee to registered holders of the Notes.

This release including specific financial statements and exhibits relevant to the exchange details are in line with the company’s commitment to transparent and accurate financial reporting practices.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Uniti Group’s 8K filing here.

About Uniti Group

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.