Uniti Group Inc. Announces Private Offering of $300M Senior Secured Notes
Portfolio Pulse from Benzinga Newsdesk
Uniti Group Inc. (UNIT) announced a private offering of $300M in 10.50% Senior Secured Notes due 2028 by its subsidiaries. The notes, guaranteed by Uniti and its subsidiaries, are secured by first-priority liens on most of their assets. This move is subject to market conditions.

May 06, 2024 | 11:57 am
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Uniti Group Inc. announces a $300M offering of 10.50% Senior Secured Notes due 2028, guaranteed by the company and its subsidiaries.
The announcement of a new debt offering by Uniti Group Inc. could have a neutral to slightly positive impact on its stock price in the short term. While the offering will increase the company's debt load, the use of secured notes and the specific terms of the offering (10.50% interest rate, due 2028) suggest a strategic approach to managing its capital structure. Investors might view this as a positive sign of the company's ability to secure financing and invest in growth or debt restructuring. However, the impact on the stock price will also depend on market conditions and investor perceptions of the company's long-term financial health.
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