Uniti Group’s $570 Million High-Yield Senior Secured Notes Offering

Cravath, Swaine & Moore LLP represented the initial purchasers in the offering.

The offering of $570 million Rule 144A/Reg. S high-yield senior secured notes offering was issued of Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC.

The Initial Purchasers included Citigroup Global Markets Inc., BofA Securities, Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC.

Uniti Group Inc., the parent company, is an internally managed REIT engaged in the acquisition and construction of mission critical infrastructure in the communications industry. 

The Cravath team advising the initial purchasers included partner Andrew J. Pitts (Picture) and associates Nicolas Thomson, Zachary B. Ramirez-Brunner and Ddang P. Kim on capital markets matters, partner Kara L. Mungovan and associate Peter W. Rogers on tax matters, and partner Matthew Morreale on environmental matters. Sonia Katharani-Khan also worked on tax matters.

Involved fees earner: Sonia Katharani-Khan – Cravath Swaine & Moore; Ddang Kim – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Zachary Ramirez-Brunner – Cravath Swaine & Moore; Peter Rogers – Cravath Swaine & Moore; Nicolas Thomson – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Securities; Barclays Capital ; Citigroup Global Markets Ltd; Deutsche Bank Securities; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley; RBC Capital Markets; TD Securities;

Author: Martina Bellini