Welcome to our dedicated page for Uniti Group news (Ticker: UNIT), a resource for investors and traders seeking the latest updates and insights on Uniti Group stock.
Uniti Group Inc. (Nasdaq: UNIT) is a publicly traded real estate investment trust (REIT) headquartered in Little Rock, Arkansas. The company is primarily engaged in the acquisition and leasing of communication infrastructure assets. Uniti Group boasts an extensive portfolio including approximately 140,000 route miles of fiber in the United States, with significant coverage in the Southeast region.
Uniti's core business revolves around providing fiber leasing services to enterprises. The company has recently agreed to merge with Windstream, a move that will see Uniti expand its operations into the consumer telecom market. This strategic merger will transition Uniti out of its REIT status, enabling the combined firm to offer both enterprise and residential telecom services, thereby diversifying its revenue streams. Post-merger, the firm will own 217,000 route miles of fiber, covering 4.3 million households and 150,000 commercial buildings.
As a strategic financing partner to the telecommunications industry, Uniti continuously evaluates industry challenges and trends to identify growth opportunities. The company's strategy focuses on acquiring and leasing communication assets that qualify as real property, financing fiber for existing and new customers, and acting as a financing partner to facilitate mergers and acquisitions.
Uniti's recent achievements include updating its 2023 outlook to reflect transaction-related and other incurred costs. The company’s outlook for 2023 remains optimistic, with a consolidated revenue projection that excludes future acquisitions and capital market transactions. Looking ahead to 2024, Uniti has set a comprehensive financial outlook, underscoring its commitment to sustained growth and profitability.
For investor relations and media inquiries, key contacts include Paul Bullington, Senior Vice President, Chief Financial Officer & Treasurer, and Bill DiTullio, Vice President, Investor Relations & Treasury.
- 2023 Financial Outlook: Adjusted projections for transaction-related costs.
- Strategic Merger: Uniti to merge with Windstream, expanding into the consumer telecom market.
- Asset Portfolio: Ownership of 217,000 route miles of fiber post-merger.
- Revenue Streams: Diversified revenue from enterprise and residential telecom services.
Uniti Group Inc. (Nasdaq: UNIT) announced the tax treatment of its 2020 distributions, detailing federal income tax implications for shareholders. A total distribution of $0.60 per share was reported, with $0.5199 as ordinary dividends. The press release underscores that ordinary dividends will be reported as Section 199A Dividends, necessitating a 45-day holding period for qualification. Shareholders are advised to consult tax advisors regarding these distributions. Uniti is recognized for its extensive fiber optic network, owning 6.7 million fiber strand miles across the U.S.
Uniti Group (Nasdaq: UNIT) announced the pricing of $1.11 billion in 6.50% senior notes due 2029, increasing from the initial offering size of $750 million. The offering is expected to close on February 2, 2021. Proceeds will fund the purchase of outstanding 8.25% Senior Notes due 2023 in a tender offer and repay additional debt if needed. The new notes will not be registered under the Securities Act and will be available to qualified institutional buyers only. Uniti, a real estate investment trust, manages critical communications infrastructure across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) has amended its cash tender offer for the 8.25% Senior Notes due 2023, removing the $750 million cap, allowing all outstanding notes to be included in the offer. The offer is contingent upon receiving at least $1,110 million in gross proceeds from concurrent debt financing. Changes to the consent solicitation include the elimination of the proration condition. Citigroup Global Markets acts as the dealer manager, with Global Bondholder Services as the information agent. The complete terms can be found in the Offer Statement dated January 19, 2021.
Uniti Group has announced the pricing of $1.11 billion in senior notes due 2029, increasing the offering size by $360 million. The senior notes will be issued at an issue price of 100% and guaranteed by the company and its subsidiaries. Proceeds will be used to fund a tender offer for $8.25% senior notes due 2023 and to repay additional outstanding debt if the offer is not completed. The notes will not be registered under the Securities Act and are offered to qualified institutional buyers only.
Uniti Group Inc. (Nasdaq: UNIT) has launched a tender offer to buy back up to $750 million of its 8.25% Senior Notes due 2023. This initiative includes a Consent Solicitation to amend the indenture, aiming to remove most restrictive covenants and default events. The Offer is contingent on meeting certain conditions, including a minimum $750 million in gross proceeds from concurrent debt financing. The Offer will expire on February 16, 2021, with an early tender deadline on February 1, 2021. Holders can withdraw their tendered notes before this deadline.
Uniti Group Inc. (Nasdaq: UNIT) has initiated a $750 million offering of senior notes due 2029. The funds will primarily finance a tender offer to purchase its 8.25% Senior Notes maturing in 2023. Any remaining proceeds may be used to reduce other debt obligations. The new notes are targeted at qualified institutional buyers and will not be publicly registered. Uniti continues to strengthen its market position in the communications infrastructure sector, owning 6.7 million fiber strand miles across the U.S.
Uniti Group Inc. (Nasdaq: UNIT) announced participation by Mark Wallace, Executive VP, CFO, and Treasurer, along with Bill DiTullio, VP of Finance and Investor Relations, at the Citi 2021 Global TMT West Conference on January 7, 2021, at 3:00 PM ET. A live webcast of the event will be available on Uniti's website, with a replay option thereafter. Uniti is a real estate investment trust focused on acquiring and constructing communications infrastructure, boasting 6.7 million fiber strand miles across the U.S. More details can be found at www.uniti.com.
Uniti Group has amended its credit agreement, increasing commitments to $500 million under its senior secured revolving credit facility. The amendment allows for greater flexibility in strategic initiatives, with the maturity date extended to December 10, 2024, and improved pricing. Interest rates will range from LIBOR plus 375 to 450 basis points, contingent on secured leverage ratios. Key covenants have been modified to facilitate debt incurrence and investment. The transaction was facilitated by Bank of America.
Uniti Group announced that Mark Wallace, Executive Vice President and CFO, along with Bill DiTullio, VP of Finance and Investor Relations, will represent the company at the Wells Fargo 2020 TMT Summit. The presentation is scheduled for 10:40 AM ET on December 2, 2020. A live webcast can be accessed on Uniti's website, and a replay will be available for a limited time afterward. Uniti, a real estate investment trust, focuses on acquiring and constructing vital communications infrastructure, owning 6.7 million fiber strand miles as of September 30, 2020.
Uniti Group (Nasdaq: UNIT) announced key participation in the Bank of America Securities 2020 Leveraged Finance Conference. Scheduled for 9:00 AM ET on November 30, 2020, the event will feature Chief Revenue Officer Ron Mudry and VP of Finance and Investor Relations Bill DiTullio. A live webcast will be available on Uniti’s website under the Investors tab, with a replay accessible for a limited time post-event. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles of communications infrastructure across the U.S.
FAQ
What is the current stock price of Uniti Group (UNIT)?
What is the market cap of Uniti Group (UNIT)?
What does Uniti Group Inc. do?
Where is Uniti Group Inc. headquartered?
What recent merger has Uniti Group Inc. announced?
How many route miles of fiber does Uniti Group Inc. own?
What is the core business of Uniti Group Inc.?
What are Uniti Group Inc.'s future growth strategies?
Who are the key contacts for investor relations at Uniti Group Inc.?
What is Uniti Group Inc.'s 2023 financial outlook?
How does the merger with Windstream benefit Uniti Group Inc.?
What areas does Uniti Group Inc.'s fiber network cover?
