Uniti Group closes $1.14B fiber securitization, lifting total notes to $2.1B
UNIT has more than doubled off its 52-week low of $4.54.
Summary
Uniti Group closed its second fiber network securitization, issuing $1.14 billion in notes across three classes. The deal, which follows a $960 million issuance in January, brings total securitized debt to $2.1 billion and includes a prefunding account for pending Oklahoma assets.
Key Events · Financing and Capital Events · UNIT
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Second Securitization Closes
Kinetic ABS Issuer LLC completed a $1.14 billion private offering of secured fiber network revenue term notes on July 15, 2026, across three classes: $805.2M Class A-2 at 5.834%, $134.2M Class B at 6.224%, and $201.3M Class C at 7.536%.
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Total Securitized Debt Reaches $2.1B
With this issuance, total outstanding revenue term notes now stand at $2,100,810,000, following the inaugural $960.1 million Series 2026-1 notes issued in January 2026.
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Prefunding Account for Oklahoma Assets
$91.1 million of the proceeds were placed in a prefunding account to acquire pending fiber assets in Oklahoma, contingent on regulatory approvals by July 30, 2027; if not obtained, the funds will prepay the notes.
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Liquidity Facility Enhanced
The existing liquidity funding note facility was increased and its maturity extended to match the new notes' final maturity in June 2058, strengthening near-term liquidity.
Analysis · UNIT · Technology
Uniti Group's subsidiary completed its second fiber securitization, issuing $1.14 billion in notes. This follows the initial $960 million issuance in January 2026, bringing total outstanding securitized debt to $2.1 billion. The deal was previously announced and priced, but the closing finalizes terms and reveals a $91 million prefunding account for pending Oklahoma assets. The capital raise extends Uniti's runway but adds significant leverage — the company reported a $70 million net loss in Q1 2026. Proceeds are earmarked for general corporate purposes, including potential debt repayment and capital expenditures.
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At the time of this filing, UNIT was trading at $10.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $4.54 to $12.94. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.