Uniti Group's subsidiary completes $960.1 million fiber note offering secured by assets
Uniti Group Inc. disclosed that a bankruptcy-remote subsidiary, Kinetic ABS Issuer LLC, completed a private offering of $960.1 million in secured fiber network revenue term notes on January 30, 2026, due in February 2031 on an anticipated repayment basis. The notes are secured by fiber network assets and residential customer contracts in five states, and the company says proceeds may fund general corporate purposes, including capital expenditures and debt repayment. The filing also sets up a revolving variable funding note facility of up to $150 million, which adds committed borrowing capacity if drawn.
Key points
- Term notes total $960.1 million: $677.7 million Class A-2 at 5.219%, $113.0 million Class B at 5.561%, and $169.4 million Class C at 7.653%.
- Variable funding notes of up to $150 million have an initial anticipated repayment date of February 2029, and interest is SOFR or base rate plus 1.75%.
- Interest payments are due monthly on the 25th starting March 25, 2026; legal final maturity is February 2056.
- Proceeds are intended for general corporate purposes, which may include success-based capital expenditures and repayment of outstanding debt.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.