Uniti Group Inc. 8-K

What Happened

• Uniti Group Inc. announced its subsidiary, Kinetic ABS Issuer LLC, priced $960.1 million aggregate principal amount of secured fiber network revenue term notes (the “Notes”). The Notes consist of: $677,710,000 5.219% Series 2026-1 Class A-2, $112,960,000 5.561% Series 2026-1 Class B, and $169,430,000 7.653% Series 2026-1 Class C. The Notes have an anticipated repayment date in February 2031 and the offering is expected to close on January 30, 2026. The Notes are secured by certain residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio and Texas.

Key Details

• Total principal: $960.1 million across three classes (A-2, B, C) with coupon rates of 5.219%, 5.561% and 7.653%, respectively.
• Security: collateralized by residential fiber network assets and customer agreements in AR, GA, KY, OH and TX.
• Closing & structure: offering expected to close Jan 30, 2026; notes are unregistered under the Securities Act and were offered to qualified institutional buyers (Rule 144A) and offshore (Reg S).
• Additional facilities: Issuer expects to enter a $150.0 million variable funding note facility (delayed-commitment, subject to leverage tests/conditions) and a liquidity funding note facility to support the transaction’s liquidity reserve; both governed by the same indenture as the Notes.

Why It Matters

• This transaction raises secured financing tied to specific residential fiber assets, providing Uniti/Kinetic with near-term capital tied to those markets and establishing repayment terms through 2031. Because the Notes are secured and unregistered (sold to institutional and offshore investors), they change the financing mix for the covered assets without a public retail offering. Uniti’s filing reiterates forward-looking statements and lists risks (including indebtedness, competition, demand for services, and regulatory matters) that investors should consider when assessing the company’s financial position and future results.