Uniti (UNIT) said late Friday its unit Kinetic ABS Issuer priced its offering of $1.14 billion of secured fiber network revenue term notes with a weighted average coupon rate of 6.18%
The notes comprised $805.2 million of 5.834% series 2026-2, class A-2 term notes, $134.2 million of 6.224% series 2026-2, class B term notes, and $201.3 million of 7.536% series 2026-2, class C term notes, each with a repayment date in 2033, according to a statement.
Net proceeds will be used for general corporate purposes, the company said.
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