Uniti Group Inc. (NASDAQ: UNIT) announced that its subsidiary Kinetic ABS Issuer LLC has priced a $1.14 billion offering of secured fiber network revenue term notes. The offering consists of three tranches: $805.2 million in 5.834% Class A-2 notes, $134.2 million in 6.224% Class B notes, and $201.3 million in 7.536% Class C notes, all with an anticipated repayment date in June 2033.

The notes carry a weighted average coupon rate of approximately 6.180% and will be secured by residential fiber network assets and related customer agreements across 10 states including Texas, Arkansas, Kentucky, Ohio, Georgia, Iowa, Alabama, Florida, North Carolina and Oklahoma.

The offering is expected to close on July 15, 2026. In connection with the closing, the issuer plans to increase the maximum commitment under its existing liquidity funding note facility and extend its maturity to align with the notes' final maturity date.

Uniti stated it intends to use the net proceeds for general corporate purposes, which may include capital expenditures and debt repayment. The notes were offered only to qualified institutional buyers under Rule 144A and outside the United States under Regulation S, as they will not be registered under the Securities Act of 1933.

The issuer and its parent entities are designated as "unrestricted subsidiaries" under Uniti's credit agreement and existing senior note indentures, according to the company's statement.