Uniti group inc. announces completion of notes offering and early settlement of consent solicitation and cash tender offer for any and all of its outstanding 8.25% senior notes due 2023

Little rock, ark., feb. 02, 2021 (globe newswire) -- uniti group inc. (the “company” or “uniti”) (nasdaq: unit) today announced the successful completion of its previously announced private offering of $1.11 billion aggregate principal amount of 6.50% senior notes due 2029 (the “new notes”) by its subsidiaries, uniti group lp, uniti group finance 2019 inc. and csl capital, llc (collectively, the “issuers” and, together with the company, “us” or “we”) and the early settlement election exercised by the issuers of their previously announced cash tender offer (the “offer”) to purchase any and all of the issuers' outstanding 8.25% senior notes due 2023 (the “existing notes”) and the related solicitation of consents (the “consent solicitation”) to certain proposed amendments to the indenture governing the existing notes (the “existing notes indenture”) to eliminate substantially all of the restrictive covenants and certain events of default (the “proposed amendments”). the offer is being made pursuant to an offer to purchase and consent solicitation statement dated january 19, 2021 (as amended as of the date hereof, the “statement”), which more fully sets out the terms of the offer and consent solicitation.
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