UNIT · Uniti Group Inc.

This 8-K filing details Uniti Group’s second issuance under its fiber-to-the-home securitization program, reflecting a continued shift toward asset-based financing. The $1.14 billion aggregate offering, composed of three classes with coupons ranging from 5.834% to 7.536%, provides Uniti with long-dated, secured funding at fixed rates, insulating the parent from direct recourse. The notes are obligations only of the bankruptcy-remote issuer and its subsidiaries, and are collateralized by fiber network assets and residential customer contracts across Texas, Arkansas, Kentucky, Ohio, Georgia, North Carolina, Florida, Alabama, Iowa, and (pending regulatory clearance) Oklahoma. A prefunding account of approximately $91 million was established for the Oklahoma assets; if the required regulatory approvals are not obtained by July 30, 2027, those funds must be used to prepay the notes. The transaction also increased and extended the existing liquidity funding facility to align with the new notes’ final maturity. Proceeds are designated for general corporate purposes, including success-based capital expenditures and potential debt repayment, which could reduce leverage or fund network expansion. The issuance deepens Uniti’s securitization platform and may signal a wider strategy to isolate fiber assets in structures that can achieve lower-cost, investment-grade-like ratings, as evidenced by the Class A-2 notes carrying A-(sf)/A- ratings. Overall, this is a significant capital markets event that enhances Uniti’s liquidity profile and lengthens its debt maturity profile while maintaining structural separation from existing corporate obligations.