Current Report Filing (8-k)
March 27 2023 - 4:05PM
Edgar (US Regulatory)
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2023-03-24
2023-03-24
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 24, 2023
Uniti Group Inc.
(Exact name of registrant as specified in its
charter)
Maryland |
|
001-36708 |
|
46-5230630 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
2101 Riverfront Drive, Suite A
Little Rock, Arkansas |
|
72202 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (501) 850-0820
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock |
UNIT |
The NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry Into a Material Definitive Agreement
On March 24, 2023, Uniti Group LP, Uniti Group Finance 2019 Inc. and
CSL Capital, LLC (together, the “Borrowers”), each a subsidiary of Uniti Group Inc. (the “Company”), entered into
Amendment No. 8 (the “Amendment”) to that certain credit agreement, dated as of April 24, 2015 (as amended from time to time
prior to the date hereof, the “Credit Agreement”) among the Borrowers, the guarantors party thereto, Bank of America, N.A.,
as administrative agent, collateral agent, swing line lender and an L/C issuer and certain other lenders named therein.
Pursuant to the Amendment, upon receipt of routine regulatory approvals,
commitments from existing lenders under the Credit Agreement’s senior secured revolving credit facility (the “Revolving Credit
Facility”) have been extended to September 24, 2027. The Amendment also transitioned the Revolving Credit Facility from LIBOR to
Term SOFR, and in connection with that change, set the credit spread adjustment to ten basis points for all interest periods.
The foregoing description is qualified in its entirety by reference
to the Amendment, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits
Exhibit
Number |
|
Description |
10.1 |
|
Amendment No. 8 to the Credit Agreement, dated as of March 24, 2023, among Uniti Group LP, Uniti Group Finance Inc. and CSL Capital LLC, as borrowers, the guarantor party thereto, the lenders party thereto, and Bank of America, N.A., as administrative agent and collateral agent. |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 27, 2023 |
UNITI GROUP INC. |
|
|
|
|
|
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By: |
/s/ Daniel L. Heard |
|
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Name: |
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Daniel L. Heard |
|
|
Title: |
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Executive Vice President – General Counsel and Secretary |
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