Uniti Group Announces $800M Windstream Notes as Part of Post-Merger Debt Restructuring, Secure $1.3B in New Financing Ahead of Planned Merger
Portfolio Pulse from Benzinga Newsdesk
Uniti Group Inc. (NASDAQ:UNIT) announced the pricing of $800M in new Senior First Lien Notes by Windstream subsidiaries as part of a post-merger debt restructuring plan. The notes and a $500M term loan facility are part of a $1.3B financing effort ahead of a planned merger between Uniti and Windstream.
September 27, 2024 | 7:05 am
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Uniti Group is involved in a significant $1.3B financing effort, including $800M in new notes and a $500M term loan, as part of a post-merger debt restructuring with Windstream.
The announcement of $1.3B in new financing, including $800M in notes and a $500M term loan, is a strategic move for Uniti Group as it prepares for a merger with Windstream. This financing is crucial for restructuring debt and facilitating the merger, likely boosting investor confidence in the short term.
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