Concerns Notification of Redemption for Protected Notes due 2028
LITTLE ROCK, Ark., Sept. 25, 2025 (WORLD NEWSWIRE)– Uniti Group Inc. (the “Business,” “Uniti,” or “we”) (NASDAQ: SYSTEM) today revealed that its subsidiary, Windstream Provider, LLC (the “Company”), has actually priced its offering (the “Offering”) of $1.4 billion aggregate principal quantity of 7.50% Senior Protected Notes due 2033 (the “Notes”). The offering was upsized by $500.0 million aggregate principal quantity compared to the formerly revealed offering size of $900.0 million. The Notes will be released at a concern rate of 100.00%. The Notes will be ensured on a senior unsecured basis by the Business and Uniti Group LLC and on a senior protected basis by each of the Company’s subsidiaries that warranties insolvency under the Business’s senior protected credit centers and the Business’s existing senior notes (other than at first those subsidiaries that need regulative approval prior to ensuring the Notes). The offering is anticipated to close on October 6, 2025.
The Company is likewise pursuing $1.0 billion aggregate principal quantity of incremental term loan loanings (the “2025 Term Loan”) under the tradition Windstream credit contract, and an extension of the maturity dates of its revolving credit centers under the tradition Uniti credit contract and tradition Windstream credit contract to December 30, 2027, efficient upon invoice of popular regulative approvals. The 2025 Term Loans are anticipated to accumulate interest at a rate of Term SOFR +4.00% per year.
The Company means to utilize the net earnings from the Offering and the loanings under the 2025 Term Loan to money the redemption completely (the “Redemption”) of its exceptional 10.50% senior protected notes due 2028 (the “2028 protected notes”), and to pay any associated premiums, charges and costs, consisting of accumulated and unsettled interest in connection with the foregoing, if any. Any staying earnings will be utilized for basic business functions.
The Company released a notification of redemption in connection with the rates of the Offering of the Notes to redeem the 2028 protected notes on October 6, 2025 (the “Redemption Date”) at a redemption rate figured out in accordance with the indenture governing the 2028 protected notes plus accumulated and unsettled interest, if any, to, however omitting, the Redemption Date. The Redemption of the 2028 protected notes will be conditioned upon the invoice by the Company of a minimum of $2.4 billion in gross earnings from the offering of the Notes and the 2025 Term Loan. The Notes will not be signed up under the Securities Act of 1933, as changed (the “Securities Act”), or any state securities laws, and might not be used or offered in the United States missing registration or an appropriate exemption from registration under the Securities Act or any relevant state securities laws. The Notes were used just to individuals fairly thought to be certified institutional purchasers under Guideline 144A under the Securities Act and outside the United States in compliance with Policy S under the Securities Act.
This news release does not make up a deal to offer, or a solicitation of a deal to purchase, nor will there be any sale of these securities in any state or jurisdiction in which such a deal, solicitation or sale would be illegal previous to registration or credentials under the securities laws of any such state or jurisdiction. This news release does not make up a notification of redemption with regard to the 2028 protected notes.
ABOUT UNITI
Uniti is a leading insurgent fiber service provider devoted to allowing mission-critical connection throughout the United States. We construct, run, and provide quick and reputable interactions services, empowering more than a million customers and companies in the digital economy. Our broad portfolio of services is used through a suite of brand names: Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions.
POSITIVE DECLARATIONS
This news release includes positive declarations within the significance of the Personal Securities Lawsuits Reform Act of 1995. Positive declarations are based upon presumptions with regard to the future and management’s existing expectations, include particular dangers and unpredictabilities, and are not warranties. These positive declarations consist of, however are not restricted to, declarations concerning the refinancing activities and usage of earnings from such activities. The words “expects,” “thinks,” “could,” “quotes,” “anticipates,” “means,” “may,” “strategies,” “tasks,” “will,” “would,” “forecasts” and comparable expressions are planned to recognize positive declarations, although not all positive declarations include these determining words. The Business might not in fact attain the strategies, intents or expectations divulged in its positive declarations, and you must not position excessive dependence on the positive declarations. Future outcomes might vary materially from the strategies, intents and expectations divulged in the positive declarations that the Business makes. These positive declarations include dangers and unpredictabilities, understood and unidentified, that might trigger occasions and results to vary materially from those in the positive declarations, consisting of, without constraint: unexpected problems or expenses connecting to the merger of Uniti and Windstream; competitors and overbuilding in customer service locations and basic competitors in organization markets; dangers connected to Uniti’s insolvency, which might decrease funds readily available for organization functions and functional versatility; fast modifications in innovation, which might impact its capability to contend; dangers connecting to infotech system failures, network interruptions, and failure to safeguard, loss of, or unapproved access to, or release of, information; dangers connected to numerous types of guideline from the Federal Communications Commission, state regulative commissions and other federal government entities and results of undesirable legal procedures, federal government examinations, and complex and altering laws; dangers intrinsic in the interactions market and related to basic financial conditions; and extra dangers stated in the “Danger Elements” and “Management’s Conversation and Analysis of Financial Condition and Outcomes of Operations” areas of Uniti and its predecessor’s most just recently submitted regular reports on Kind 10-K and Kind 10-Q and subsequent filings with the U.S. Securities and Exchange Commission in addition to Uniti’s predecessor’s registration declaration on Kind S-4 dated February 12, 2025. The conversation of such dangers is not an indicator that any such dangers have actually taken place at the time of this filing. The Business does not presume any responsibility to upgrade any positive declarations. Uniti specifically disclaims any responsibility to launch openly any updates or modifications to any of the positive declarations stated in this news release to show any modification in its expectations or any modification in occasions, conditions or scenarios on which any such declaration is based.
FINANCIER CONTACTS:
Paul Bullington, 251-662-1512
Senior Executive Vice President, Chief Financial Officer & & Treasurer
paul.bullington@uniti.com
Costs DiTullio, 501-850-0872
Senior Vice President, Financier Relations & & Treasury
bill.ditullio@uniti.com
MEDIA CONTACTS:
Scott L. Morris
Partner Director, Media & & External Communications
501-580-4759
scott.l.morris@uniti.com
Brandi Stafford
Vice President, Corporate Communications
501-351-0067
brandi.stafford@uniti.com
This news release was released by a CLEAR ® Validated person.