Uniti Group Inc. 8-K

What Happened Uniti Group Inc. announced that its subsidiary, Kinetic ABS Issuer LLC, priced $1,140.71 million aggregate principal amount of secured fiber network revenue term notes. The issuance consists of $805.21M 5.834% Class A-2 notes, $134.20M 6.224% Class B notes, and $201.30M 7.536% Class C notes, with an anticipated repayment date in June 2033 and a weighted average coupon of ~6.180%. The offering is expected to close on July 15, 2026.

Key Details

• Total issuance: $1,140.71 million across three classes (A-2, B, C).
• Coupon rates: 5.834% (Class A-2), 6.224% (Class B), 7.536% (Class C); weighted average ~6.180%.
• Collateral: certain residential fiber network assets and customer agreements in TX, AR, KY, OH, GA, IA, AL, FL, NC, and OK.
• Sale terms: Notes not registered under the Securities Act; offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. Closing expected July 15, 2026; issuer expects to increase and extend its liquidity funding note facility to cover transaction reserve requirements and align maturities.

Why It Matters This securitization raises over $1.14 billion of financing secured by Uniti’s residential fiber assets, providing dedicated funding tied to those networks rather than general corporate debt. The transaction’s interest cost (about a 6.18% weighted coupon) and the extension/increase of the related liquidity facility are material to Uniti’s debt profile and liquidity planning. Investors should note the offering was limited to institutional buyers and the notes are not registered for public resale; the filing also includes standard forward-looking statement disclosures.