Uniti $1.11 billion notes offering and tender offer and consent solicitation
We advised Uniti on the high-yield notes offering, concurrent tender offer and related consent solicitation

Davis Polk advised Uniti Group Inc. in connection with a Rule 144A and Regulation S offering of $1.11 billion aggregate principal amount of 6.500% senior notes due 2029 issued by its subsidiaries Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC.

Davis Polk also advised Uniti in connection with its concurrent cash tender offer and related consent solicitation for any and all of its 8.250% senior notes due 2023, which was funded with the proceeds from the senior notes offering.

Uniti, 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 wireless infrastructure solutions for the communications industry.

The Davis Polk corporate team included partner Michael Kaplan and associates John H. Runne, Rahul K. Patel and Caroline G. Armstrong. The tax team included partners Michael Mollerus and Patrick E. Sigmon and associate Joseph M. Gerstel. Counsel Sarah E. Kim and associate J. Taylor Arabian provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.