We advised Uniti on its second fiber-to-the-home securitization notes offering

Davis Polk advised Uniti Group Inc. in connection with a Rule 144A / Regulation S offering of $1.1 billion of fiber securitization notes, consisting of $805.21 million of 5.834% Series 2026-2, Class A-2 term notes, $134.2 million of 6.224% Series 2026-2, Class B term notes and $201.3 million of 7.536% Series 2026-2, Class C term notes issued by Kinetic ABS Issuer LLC, which is a limited-purpose, bankruptcy-remote, indirect subsidiary of Uniti. The notes will be secured by certain fiber network assets and certain residential customer contracts in Alabama, Arkansas, Florida, Georgia, Iowa, Kentucky, North Carolina, Ohio, Oklahoma and Texas.

Uniti is a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. The company builds, operates and delivers fast and reliable communications services, empowering more than a million consumers and businesses in the digital economy. Uniti’s broad portfolio of services is offered through a suite of brands: Uniti Wholesale, Kinetic, Uniti Fiber and Uniti Solutions.

The Davis Polk finance team included partner Ryan D. McNaughton, counsel Jimmy Moustakis and associates Matthew Lee and Filippo Giacumbo. The corporate team included partners Michael Kaplan and John H. Runne. All members of the Davis Polk team are based in the New York office.

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