LITTLE ROCK, Ark. , Jan. 15, 2026 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the "Company," "Uniti," or "we") (NASDAQ:UNIT) today announced that Kinetic ABS Issuer LLC, a limited-purpose, bankruptcy remote subsidiary of Uniti (the "Issuer"), has priced its offering of $960,100,000 aggregate principal amount of secured fiber network revenue term notes, consisting of $677,710,000 5.219% Series 2026-1, Class A-2 term notes, $112,960,000 5.561% Series 2026-1, Class B term notes and $169,430,000 7.653% Series 2026-1, Class C term notes, each with an anticipated repayment date in February 2031 (collectively, the "Notes"). Collectively, the Notes have a weighted average coupon rate of approximately 5.689%. The Notes are expected to be secured by certain residential fiber network assets and related customer agreements in the States of Arkansas, Georgia, Kentucky, Ohio and Texas. Each of the Issuer and its direct parent entity and subsidiaries will be designated as "unrestricted subsidiaries" under Uniti's credit agreement and the indentures governing its outstanding senior notes. The offering is expected to close on January 30, 2026.

In connection with the closing of the offering of the Notes, the Issuer expects to enter into a $150,000,000 variable funding note facility with a delayed commitment availability feature, subject to the satisfaction of leverage tests and other customary availability/drawing conditions. The Issuer also expects to enter into a liquidity funding note facility, which may be drawn solely to support the transaction's liquidity reserve and to cover specified payment shortfalls. The variable funding notes and the liquidity funding notes will be governed by the same indenture that will govern the Notes.

Uniti intends to use the net proceeds of the offering of the Notes for general corporate purposes, which may include success-based capital expenditures and/or repayment of outstanding debt.

The Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any ...