05:10 PM EST, 02/03/2025 (MT Newswires) -- Uniti Group ( UNIT ) said Monday that its subsidiaries Uniti Fiber ABS Issuer and Uniti Fiber TRS Issuer completed a $589 million fiber securitization notes offering in three tranches.

The offering includes $426 million of 5.9% series 2025-1, class A-2 term notes, $65 million 6.4% series 2025-1, class B term notes and $98 million 9% series 2025-1, class C term notes, according to the company.

All notes have an expected repayment date in April 2030 and are secured by certain fiber network assets and related customer contracts, Uniti added.

The company said a portion of the net proceeds were used to repay and terminate the existing ABS bridge facility and the remaining amount will fund partial redemption of 10.5% senior secured notes due 2028 and general corporate purposes.