M&A: Uniti Group Inc.

Form Type: 425

Filing Date: 2024-12-13

Corporate Action: Merger

Type: New

Accession Number: 000095010324017734

Comments: On December 12, 2024, Uniti Group Inc. announced a merger with Windstream Holdings II, LLC. The announcement included details regarding the pricing of $1.4 billion in additional 8.250% Senior First Lien Notes due 2031, which Windstream intends to use to redeem all its 7.750% Senior First Lien Notes due 2028. The redemption price will be 101.938% of the principal amount. The offering is expected to close by December 23, 2024, pending customary closing conditions. The company emphasized that these transactions are intended to keep leverage neutral while extending Windstream's debt maturity profile. Forward-looking statements about the merger are included, addressing expected benefits, risks, and uncertainties associated with the completion of the merger.

Document Link: View Document