07:21 AM EDT, 05/07/2024 (MT Newswires) -- Uniti Group ( UNIT ) said Monday that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc., and CSL Capital, LLC priced an offering of $300 million of 10.5% senior secured notes due 2028 at 103% of the principal amount.

The issuers plan to use the net proceeds for general corporate purposes, which may include funding a portion of the cash consideration in connection with the company's merger with Windstream. The offering is expected to close on May 17.

Upon issuance of the notes, the commitments under a $300 million bridge facility in connection with the Windstream merger will be reduced to zero, the company said,