Uniti Group’s High‑Yield Senior Debt Offering and Registered Common Stock Offering

Cravath represented the initial purchasers, led by Citigroup, J.P. Morgan Securities and RBC Capital Markets, in connection with the US$200 million 144A/Reg. S high‑yield senior debt offering of Uniti Group Inc., Uniti Fiber Holdings Inc. and CSL Capital, LLC. Uniti Group Inc., formerly known as Communications Sales & Leasing, Inc., is an internally managed REIT engaged in the acquisition and construction of mission critical infrastructure in the communications industry. Proceeds of the offering will be partially used to fund the acquisition of Southern Light, LLC by Uniti Group Inc. The transaction closed on May 8, 2017.

Cravath also represented the underwriters, led by Citigroup, J.P. Morgan Securities, RBC Capital Markets, Barclays, Bank of America Merrill Lynch, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, in connection with the US$517 million registered common stock offering of Uniti Group Inc. The shares were listed on the NASDAQ Global Select Market. The transaction closed on April 25, 2017.

The Cravath team included partners Andrew J. Pitts and Joseph D. Zavaglia and associates Michael L. Arnold, Elizabeth J. Zhang, Samuel P. Niles and Nicholas P. Makarov.