Uniti Group Inc. (NASDAQ:UNIT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement.
On April28, 2017, Uniti Group Inc. (the Company) entered into an
amendment (the Amendment) of its senior secured credit agreement
dated April24, 2015 (the Credit Agreement) by and among the
Company, CSL Capital, LLC, the guarantors party thereto, the
lenders party thereto, and Bank of America, N.A., as
administrative agent and collateral agent. The Credit Agreement
provides for a term loan B facility in an initial principal
amount of $2.14 billion maturing on October24, 2022 and a $500.0
million revolving credit facility that matures and terminates on
April24, 2020 (the Revolving Credit Facility).
to the Amendment, the commitments under the Revolving Credit
Facility were increased from $500.0 million to $750.0 million.
The foregoing description of the Amendment is qualified in its
entirety by reference to the Amendment, a copy of which is filed
as Exhibit10.1 hereto and is incorporated herein by reference.
The parties to the Amendment described above and certain of their
respective affiliates have performed investment banking,
commercial lending and advisory services for the Company from
time to time for which they have received customary fees and
expenses. These parties may, from time to time, engage in
transactions with and perform services for the Company and its
affiliates in the ordinary course of their business.
Item 5.03 Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year.
On May1, 2017, the Board of Directors (the Board) of the Company
adopted an amendment to the Companys bylaws (the Bylaw
Amendment), effective immediately, permitting stockholders of the
Company to amend the Companys bylaws. Additionally, on May1,
2017, the Board adopted a resolution to submit to stockholders,
at its annual meeting of stockholders to be held in 2018, an
amendment to the Companys charter to conform to the Bylaw
Amendment.
The foregoing summary of the amendment is qualified in its
entirety by reference to the complete text of the Bylaw
Amendment, which is attached as Exhibit3.1 to this report and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
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Exhibit No. |
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Description |
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3.1 |
Amended and Restated Bylaws of Uniti Group Inc., as amended |
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10.1 |
Amendment No.3 to the Credit Agreement, dated as of |
About Uniti Group Inc. (NASDAQ:UNIT)
Uniti Group Inc., formerly Communications Sales & Leasing, Inc., is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. It operates in four segments: Leasing, Fiber Infrastructure, Towers and Consumer Competitive Local Exchange Carrier (Consumer CLEC). The Leasing segment includes Uniti Leasing. The Fiber Infrastructure segment includes Uniti Fiber business. The Towers segment includes Uniti Towers and its ground lease investments. The Consumer CLEC segment includes Talk America. As of December 31, 2016, the Company and its subsidiaries owned approximately 88,100 fiber network route miles, representing approximately 4.2 million fiber strand miles and approximately 231,900 route miles of copper cable lines across 32 states. Uniti Group Inc. (NASDAQ:UNIT) Recent Trading Information
Uniti Group Inc. (NASDAQ:UNIT) closed its last trading session up +0.10 at 27.56 with 831,368 shares trading hands.