We advised Uniti on its high-yield notes offering

Davis Polk advised Uniti Group Inc. in connection with a Rule 144A / Regulation S offering of $600 million aggregate principal amount of 8.625% senior notes due 2032 issued by its subsidiaries Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC.

Uniti Group used a portion of the net proceeds of the offering to fund the partial redemption of $500 million aggregate principal amount of its outstanding 10.50% senior notes due 2028, including related premiums, fees and expenses, and will use any remaining net proceeds for general corporate purposes.

Uniti Group, 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.

The Davis Polk corporate team included partner Michael Kaplan, counsel John H. Runne and associate Cheridan Christnacht. Associate Caleb Beavers provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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