Uniti Group Inc. Completes Inaugural $589 Million Fiber Securitization Notes Offering
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Uniti Group Inc. has completed a $589 million fiber securitization notes offering. Part of the proceeds will be used to partially redeem $125 million of 10.50% senior secured notes due 2028.
February 03, 2025 | 9:30 pm
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Uniti Group Inc. has successfully completed a $589 million fiber securitization notes offering. The company plans to use a portion of the proceeds to partially redeem $125 million of its 10.50% senior secured notes due 2028.
The completion of the $589 million securitization notes offering is a positive financial move for Uniti Group Inc., as it allows the company to manage its debt more effectively by redeeming a portion of its high-interest senior secured notes. This could improve the company's financial stability and reduce interest expenses, which is likely to be viewed favorably by investors.
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