UNIT Stock Recent News

Uniti Group Inc. (NASDAQ:UNIT ) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Bill DiTullio - SVP of IR & Treasurer Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Participants Greg Williams - TD Cowen Frank Louthan - Raymond James and Associates Bora Lee - RBC Capital Markets Operator Good morning, and welcome to today's conference call to discuss Uniti's Fourth Quarter and Full Year 2024 Earnings Results. My name is Gigi and I'll be your operator for today.

Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.34 per share a year ago.

Recently Completed Landmark ABS Financing Provides Attractive Alternative Source of Capital While Further Strengthening Uniti's Balance Sheet

LITTLE ROCK, Ark., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, and Senior Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to present at the J.P. Morgan 2025 Global Leveraged Finance Conference. The presentation is scheduled for 9:30 AM EST on February 24, 2025 in Miami, FL.

Portion of Proceeds from Securitization Notes Offering to be Used to Partially Redeem $125 Million of 10.50% Senior Secured Notes Due 2028

Uniti Group's financial health remains precarious with high debt and interest expenses, leading to a Hold rating despite potential merger benefits. The suspension of dividends and the uncertain future of payouts underscore the company's financial instability. The merger with Windstream aims to improve cash flow and operational efficiency.

LITTLE ROCK, Ark., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and full year 2024 financial results prior to the opening of trading on the Nasdaq Stock Exchange on February 21, 2025. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time.

LITTLE ROCK, Ark., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the tax treatment of its 2024 distributions. The following table summarizes the federal income tax treatment of the distributions on its common shares as it is expected to be reported on Form 1099 – DIV.

LITTLE ROCK, Ark., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) is pleased to announce a new 20-year long-haul fiber and conduit contract award from an existing strategic hyperscale customer that will connect Montgomery, AL, one of Uniti's existing 30+ enterprise markets, to Cuba, AL. As part of this contract award, Uniti will construct over 130 route miles of new multi-conduit systems and high-strand count fiber cables.

LITTLE ROCK, Ark., Jan. 17, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that Uniti Fiber ABS Issuer LLC and Uniti Fiber TRS Issuer LLC, limited-purpose, bankruptcy remote subsidiaries of Uniti (collectively, the “Issuers”), have priced their offering of $589,000,000 aggregate principal amount of secured fiber network revenue term notes, consisting of $426,000,000 5.9% Series 2025-1, Class A-2 term notes, $65,000,000 6.4% Series 2025-1, Class B term notes and $98,000,000 9.0% Series 2025-1, Class C term notes, each with an anticipated repayment date in April 2030 (collectively, the “Notes”). Collectively, the Notes have a weighted average yield of approximately 6.5%. The Notes will be secured by certain fiber network assets and related customer contracts in the State of Florida and the Gulf Coast region of Louisiana, Mississippi and Alabama. Each of the Issuers and its direct parent entities and subsidiar