Uniti Completes Merger with Windstream
LITTLE ROCK, Ark., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. ('Uniti' or the 'Company') (Nasdaq: UNIT) announced today that it has successfully completed the previously announced merger of legacy Uniti Group Inc. (now known as Uniti Group LLC, 'Legacy Uniti') with New Windstream Merger Sub, LLC, and the merger of New Windstream, LLC (together with its subsidiaries, 'Windstream') with and into Windstream Parent, Inc. (such series of transactions, the 'Merger'). As a result of the Merger, both Legacy Uniti and Windstream have become indirect, wholly owned subsidiaries of Uniti. As of August 4, 2025, Uniti's common stock will be listed on the Nasdaq Global Select Market under the symbol 'UNIT'.
Upon the closing of the Merger, Legacy Uniti stockholders received 0.6029 shares of Uniti common stock per share of Legacy Uniti common stock held at the closing of the Merger, which resulted in Legacy Uniti stockholders collectively holding approximately 62% of the outstanding common stock of the combined company. In addition, the right to convert each $1,000 principal amount of Uniti's 7.50% convertible senior notes due 2027 into 137.1742 shares of Legacy Uniti common stock was changed to a right to convert such principal amount of such notes into 82.7023 shares of Uniti common stock.
With the Merger complete, Uniti now intends to complete the necessary steps to combine the Legacy Uniti indebtedness and legacy Windstream indebtedness under a single organizational silo, which it expects to complete on or around August 4, 2025.
ABOUT UNITI
Uniti (NASDAQ: UNIT) is a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. We build, operate, and deliver fast and reliable communications services, empowering more than a million consumers and businesses in the digital economy. Our broad portfolio of services is offered through a suite of brands: Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions. Visit us online at www.uniti.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future and Uniti management's current expectations, involve certain risks and uncertainties, and are not guarantees. These forward-looking statements include, but are not limited to, statements regarding the combination of senior indebtedness of Legacy Uniti and Windstream. The words 'anticipates,' 'believes,' 'could,' 'estimates,' 'expects,' 'intends,' 'may,' 'plans,' 'projects,' 'will,' 'would,' 'predicts' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Uniti may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on the forward-looking statements. Future results may differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Uniti makes. These forward-looking statements involve risks and uncertainties, known and unknown, that could cause events and results to differ materially from those in the forward-looking statements, including, without limitation: unanticipated difficulties or expenditures relating to the Merger; competition and overbuilding in consumer service areas and general competition in business markets; risks related to Uniti's indebtedness, which could reduce funds available for business purposes and operational flexibility; rapid changes in technology, which could affect its ability to compete; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; risks related to various forms of regulation from the Federal Communications Commission, state regulatory commissions and other government entities and effects of unfavorable legal proceedings, government investigations, and complex and changing laws; risks inherent in the communications industry and associated with general economic conditions; and additional risks set forth in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of the Company and its predecessors' most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings with the U.S. Securities and Exchange Commission as well as the Company's predecessor's registration statement on Form S-4 dated February 12, 2025. The discussion of such risks is not an indication that any such risks have occurred at the time of this filing. Uniti does not assume any obligation to update any forward-looking statements.
INVESTOR AND MEDIA CONTACTS:
Paul Bullington, 251-662-1512
Senior Executive Vice President, Chief Financial Officer & Treasurer
[email protected]
Bill DiTullio, 501-850-0872
Senior Vice President, Investor Relations & Treasury
[email protected]
This press release was published by a CLEAR® Verified individual.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Paul Krugman on what some Republicans get wrong about the Fed
President Trump has made no secret of his desire for the Federal Reserve to cut interest rates. But as Paul Krugman, a Nobel Laureate in Economics and author of the substack "Paul Krugman," explains, some in the Republican party may have lost sight of what the Fed actually does. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. Related videos Europe's most expensive city revealed, as living costs near £3,500 per month Britain's gas imports surge as Miliband abandons North Sea How much do you need in an ISA to target a £5,000 monthly passive income? How will the Lloyds share price be affected by today's Supreme Court ruling? Sign in to access your portfolio
Yahoo
24 minutes ago
- Yahoo
The Trade War Is Stealing Your Lunch Money — Here's Why (Explained Like We're 12)
The term 'trade war' seems more pervasive these days — on everything from TV pundits to TikTok experts. Oh, and that one uncle who always has an opinion? He's chiming in with his take, too. Yet for all the 'shots fired in the trade war' headlines you've seen, you might still not know what a trade war really is — or if your wallet could end up as collateral. Read More: Find Out: If you want a simple explanation, you could always turn to ChatGPT. That's exactly what I did on your behalf–only I wanted an easy-to-understand, jargon-free approach. So I asked ChatGPT to explain trade wars and their impact on my wallet, like I was 12 years old. As always, you'll want to fact-check — since ChatGPT is far from perfect — but it gave me a solid baseline of information to guide my own research. A Definition Even a Kid Could Understand When asked what constitutes a trade war, ChatGPT gave me a succinct answer. In essence, a trade war involves countries fighting by charging each other extra money — in this case, tariffs — for the goods they buy and sell to one another. To double-check this response, I hopped on ye olde internet and visited the website for international publication Deutsche Welle, where I found an article about a potential trade war between the U.S. and China. In that article, writer Arthur Sullivan described a trade war simply: 'A trade war is an economic conflict in which countries implement and increase tariffs and other nontariff barriers against each other,' he wrote. 'It typically arises from extreme economic protectionism and usually features so-called tit-for-tat measures, where each side increases tariffs in response to each other.' So far, so good in terms of accuracy. Discover Next: How the Trade War Stole My Lunch Money Sullivan's article broke down the trade beef between the U.S. and China, but I wanted a much simpler example. Treating me like a 12-year-old, ChatGPT brought me back to the schoolyard. It asked me to imagine myself and another student trading lunch items. I gave him $2 to buy his cookie (I'm a sucker for a good peanut butter cookie, it's true), and he gave me $3 for my juice box. Initially, we're both happy. We feel the arrangement is fair. But one day, I realized his cookies were a little stale. I decided he'd have to pay an extra dollar for my juice box. That, ChatGPT explained, is like a tariff — because I asked for extra money just to make the trade. Infuriated, my classmate told me I'd now have to pay an extra $1.50 for his cookie. 'Now you're both just charging each other more for the same stuff,' ChatGPT said. 'That's a trade war.' How It Hits My Wallet ChatGPT explained that the impact of this lunchbox battle will show up in my piggy bank at home. I'm basically paying more for the same cookie — or, if my allowance doesn't cover it, I can't afford the cookie at all. But my money woes don't stop there. According to ChatGPT, my lunch could get smaller because I'm spending more on fewer things, and I'm saving less overall — which might mean no more candy after school. On top of that, my classmate and I are annoyed with each other, and we might stop trading altogether. ChatGPT knows I'm curious about the real-world implications of an actual trade war, and it offers this summary: 'Countries are like you and the other kid. When they get in a trade war, you (and your parents) end up paying more for stuff like food, clothes, phones — even toys.' Bottom Line: Trade Wars Are Far From Child's Play As ChatGPT puts it: 'A trade war is when countries fight over money and trading, and it makes your lunch cost more … even if you didn't start the fight.' More From GOBankingRates Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on The Trade War Is Stealing Your Lunch Money — Here's Why (Explained Like We're 12) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Mastercard (MA) Expands Receivables Manager and Commercial Direct Payments Worldwide
Mastercard Incorporated (NYSE:MA) ranks among the . Mastercard Incorporated (NYSE:MA) announced on July 29 that Mastercard Receivables Manager, its automated solution that makes accepting virtual cards easier, safer, and more affordable for businesses, is now widely available across the globe. Mastercard Incorporated (NYSE:MA) is also launching Commercial Direct Payments, a cutting-edge straight-through processing solution that fully automates virtual card payments and reconciliation, to provide payment service providers more freedom in how they offer B2B payment innovations. A recent global Mastercard Incorporated (NYSE:MA) poll found that while two-thirds of B2B suppliers still admit to frequently failing to meet customer payment expectations, 93% of them said that digitizing payment processes is a major goal for their company. Mastercard Incorporated (NYSE:MA) is a multinational payments technology company. By facilitating safe and effective electronic payments, it links customers, banks, retailers, governments, and enterprises. While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
