Latest news with #UnitiGroup
Yahoo
a day ago
- Business
- Yahoo
Uniti (UNIT) Group Announces $600M Offering to Clear Some Debt
Uniti Group Inc. (NASDAQ:UNIT) is one of the 10 best-value penny stocks to buy, according to analysts. On June 9, the company confirmed the pricing of $600 million principal amount of 8.625% senior unsecured notes due 2032. A business man holding a tablet, discussing the features of a Real Estate mobile-focused tech platform. Uniti Group and its subsidiaries have guaranteed the notes on a senior unsecured basis, which guarantees indebtedness under the senior secured credit facility. Similarly, the company plans to use net proceeds from the offering to partially redeem its $500 million 10.50% notes due in 2028. The remaining funds are to be used for general corporate purposes. Uniti Group Inc. (NASDAQ:UNIT) is a real estate investment trust that acquires and constructs mission-critical communications infrastructure. It is a leading provider of fiber and other wireless solutions for the communications industry. While we acknowledge the potential of UNIT 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 NEXT: and . Disclosure: None. Effettua l'accesso per consultare il tuo portafoglio
Associated Press
09-06-2025
- Business
- Associated Press
Uniti Group Inc. Announces Private Offering of Senior Notes
LITTLE ROCK, Ark., June 09, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the 'Company,' 'Uniti,' or 'we') (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the 'issuers'), have commenced an offering of $600 million aggregate principal amount of senior notes due 2032 (the 'notes'), subject to market and other conditions. The notes will be guaranteed on a senior unsecured basis by the Company and by each of its subsidiaries (other than the issuers) that guarantees indebtedness under the Company's senior secured credit facility and the Company's existing notes (except initially those subsidiaries that require regulatory approval prior to guaranteeing the notes). The issuers intend to use the net proceeds from the offering of the notes to fund the partial redemption (the 'Redemption') of $500 million aggregate principal amount of their outstanding 10.50% senior notes due 2028 (the '2028 secured notes'), including related premiums, fees and expenses in connection with the foregoing. The issuers intend to redeem the 2028 secured notes on June 24, 2025 (the 'Redemption Date') at a redemption price determined in accordance with the indenture governing the 2028 secured notes plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The notice of redemption issued today for the 2028 secured notes is conditioned upon completion of one or more debt financings in an aggregate gross proceeds amount of at least $550 million. This press release does not constitute a notice of redemption with respect to the 2028 secured notes. The issuers intend to use any remaining net proceeds from the offering of the notes for general corporate purposes. The notes will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act or any applicable state securities laws. The notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ABOUT UNITI Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles, 8.8 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at FORWARD-LOOKING STATEMENTS Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including those regarding the proposed offering of the notes. Words such as 'anticipate(s),' 'expect(s),' 'intend(s),' 'plan(s),' 'believe(s),' 'may,' 'will,' 'would,' 'could,' 'should,' 'seek(s)' and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. Factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to the Company's and Windstream Holdings, Inc.'s (together with Windstream Holdings II, LLC, its successor in interest, and its subsidiaries, 'Windstream') ability to consummate our merger with Windstream on the expected terms or according to the anticipated timeline, the risk that our merger agreement with Windstream (the 'Merger Agreement') may be modified or terminated, that the conditions to our merger with Windstream may not be satisfied or the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, the effect of the announcement of our merger with Windstream on relationships with our customers, suppliers, vendors, employees and other stakeholders, our ability to attract employees and our operating results and the operating results of Windstream, the risk that the restrictive covenants in the Merger Agreement applicable to us and our business may limit our ability to take certain actions that would otherwise be necessary or advisable, the diversion of management's time on issues related to our merger with Windstream, the risk that we fail to fully realize the potential benefits, tax benefits, expected synergies, efficiencies and cost savings from our merger with Windstream within the expected time period (if at all), legal proceedings that may be instituted against Uniti or Windstream following announcement of the merger, if the merger is completed, the risk associated with Windstream's business, adverse impacts of inflation and higher interest rates on our employees, our business, the business of our customers and other business partners and the global financial markets, the ability and willingness of our customers to meet and/or perform their obligations under any contractual arrangements entered into with us, including master lease arrangements, the ability and willingness of our customers to renew their leases with us upon their expiration, our ability to reach agreement on the price of such renewal or ability to obtain a satisfactory renewal rent from an independent appraisal, and the ability to reposition our properties on the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, the availability of and our ability to identify suitable acquisition opportunities and our ability to acquire and lease the respective properties on favorable terms or operate and integrate the acquired businesses, or to integrate our business with Windstream's as a result of the merger, our ability to generate sufficient cash flows to service our outstanding indebtedness and fund our capital funding commitments, our ability to access debt and equity capital markets, the impact on our business or the business of our customers as a result of credit rating downgrades and fluctuating interest rates, our ability to retain our key management personnel, our ability to maintain our status as a real estate investment trust (a 'REIT'), changes in the U.S. tax law and other federal, state or local laws, whether or not specific to REITs, covenants in our debt agreements that may limit our operational flexibility, the possibility that we may experience equipment failures, natural disasters, cyber-attacks or terrorist attacks for which our insurance may not provide adequate coverage, the risk that we fail to fully realize the potential benefits of or have difficulty in integrating the companies we acquire, other risks inherent in the communications industry and in the ownership of communications distribution systems, including potential liability relating to environmental matters and illiquidity of real estate investments; and additional factors described in our reports filed with the U.S. Securities and Exchange Commission. Uniti expressly disclaims any obligation to release publicly any updates or revisions to any of the forward-looking statements set forth in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. INVESTOR AND MEDIA CONTACTS: Paul Bullington, 251-662-1512 Senior 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.
Globe and Mail
21-05-2025
- Business
- Globe and Mail
Uniti Group Inc. to Present at the TD Cowen 53rd Annual Technology, Media and Telecom Conference
LITTLE ROCK, Ark., May 21, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. ('Uniti') (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present at the TD Cowen 53 rd Annual Technology, Media and Telecom Conference. The presentation is scheduled for 9:40 AM EDT on May 28, 2025 in New York, NY. You may access a live webcast of the event on Uniti's Investor Relations website at The webcast will be available for replay for a limited time following the presentation. ABOUT UNITI Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles, 8.8 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at INVESTOR AND MEDIA CONTACTS:
Yahoo
10-05-2025
- Business
- Yahoo
Uniti Group Inc. (UNIT): Among Billionaire Paul Singer's Stock Picks with Huge Upside Potential
We recently published a list of Billionaire Paul Singer's 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Uniti Group Inc. (NASDAQ:UNIT) stands against other stock picks with huge upside potential. Paul Singer founded Elliott Investment Management in 1977 in New York. It is one of the oldest hedge funds under continuous management and is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates and Elliott International Limited. Launched in 1994, Elliott International Limited has consistently outperformed the S&P 500 index by ~5 percentage points annually since its inception, which is a track record mirrored by Elliott Associates. Paul Singer earned a BS in psychology from the University of Rochester and a JD from Harvard Law School. He then spent 4 years working in corporate law firms and the investment bank Donaldson, Lufkin & Jenrette before founding Elliott Investment Management. Elliott Management has 38 clients and discretionary assets under management (AUM) of $97.37 billion, according to the Form ADV dated 13 February 2025. The last reported 13F filing for Q4 2024 included $16.66 billion in managed 13F securities and a top 10 holdings concentration of 82.44%. Singer has built a reputation on Wall Street for his aggressive tactics that often generate significant shareholder value by exploiting weaknesses in various asset classes. His initial approach to investing was to target companies and even governments while purchasing extremely distressed debt. In February 2025, Singer appeared on a Podcast titled 'In Good Company with Nicolai Tangen', where he also discussed what he believes is the reason behind bad investments. While bad luck remains a relevant factor, he believes that these failures result from oversights and inadequate and/or incorrect hedging strategies: 'Sometimes it's bad luck, but more frequently it's (that) we missed something. We missed. Or the hedges weren't, they weren't the right hedges. The tracking error was much more than we expected. At the beginning of my career, 1977 to like 1987, hedging was much more simple, because we were long a convertible bond and short the stock into which the convertible was convertible. So that's very straightforward. And tracking error wasn't really a factor. We've become much more sophisticated in hedging, in creating bespoke hedges for different kinds of trades. But even those don't work out exactly, you know, all the time. But sometimes, you know, the worst trades, and I don't mind mentioning them, it's a kind of a form of therapy and a pedagogical exercise. The worst trades are the trades that you misunderstand the risk. You put it into the wrong category.' To compile the list of billionaire Paul Singer's 10 stock picks with huge upside potential, we sifted through Q4 2024 13F filings of Elliott Management from Insider Monkey. From these filings, we checked the upside potential from CNN for the top 20 stock picks and ranked the stocks in ascending order of this upside potential. We have also added Elliott Management's stake in each stock as well as the broader hedge fund sentiment for it. Note: All data was sourced on May 8. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Aerial view of a communication site, showing the breadth of the company's real estate portfolio. Elliott Management's Stake: $55.66 million Number of Hedge Fund Holders: 30 Average Upside Potential as of May 8: 60.92% Uniti Group Inc. (NASDAQ:UNIT) is an internally managed real estate investment trust that acquires and constructs mission-critical communications infrastructure. It also provides fiber and other wireless solutions for the communications industry. The company's Fiber Infrastructure segment encompasses the current Uniti Fiber and Uniti Leasing segments, along with Windstream Wholesale post-merger. In 2024, Uniti's recurring strategic fiber business grew by ~5%. This growth is underscored by a consolidated bookings growth of ~27%, indicating strong future revenue potential within this segment. Within Fiber Infrastructure, Uniti Leasing reported segment revenues of $222 million in Q4 2024. For the full year 2025 outlook, Uniti Leasing is projected to make revenues of $902 million Earlier in February, Raymond James analyst Frank Louthan upgraded Uniti Group Inc. (NASDAQ:UNIT) to Strong Buy from Outperform, while raising the price target to $8 from $6. He believes the company is a hidden gem in the fiber-to-the-home market, especially as its merger with Windstream nears completion in mid-2025. The combined entity, branded as Fiber Infrastructure post-close, will create a premier fiber infrastructure company with national and deep regional capabilities. Overall, UNIT ranks 4th on our list of billionaire Paul Singer's stock picks with huge upside potential. While we acknowledge the potential of UNIT as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UNIT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
