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Stock impact report

Uniti Group (UNIT) Climbs 10.6% on Successful $960-Million Fundraising [Yahoo! Finance]

Uniti Group Inc. (UNIT) 
Last uniti group inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.uniti.com
Company Research Source: Yahoo! Finance
Uniti Group extended its winning streak to a third straight day on Friday, jumping 10.64 percent to close at $8.32 apiece as investor sentiment was bolstered by its successful raising of $960 million in fresh funds through the issuance of secured fiber network revenue term notes. In a statement, Uniti Group Inc. (NASDAQ:UNIT) said that the notes were secured by certain residential fiber network assets and related customer agreements in Arkansas, Georgia, Kentucky, Ohio and Texas. The initiative was made through its subsidiary, Kinetic ABS Issuer LLC. Photo by Anete Lusina on Pexels Uniti Group Inc. (NASDAQ:UNIT) said that proceeds from the offer will be used for general corporate purposes, including capital expenditures and repayment of outstanding debts, among others. In connection with the agreement, Kinetic also entered into a $150 million variable funding note facility which it can tap in a later date when needed, in a bid to support liquidity reserve and cover specified Show less Read more
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