Uniti Group’s $1.11 Billion High‑Yield Senior Notes Offering and Concurrent $1.1 Billion Cash Tender Offer and Consent Solicitation

Cravath represented the initial purchasers in connection with the $1.11 billion 144A/Reg. S high‑yield senior notes offering of Uniti Group LP, Uniti Group Finance 2019 Inc., and CSL Capital, 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. Cravath also represented the deal manager and solicitation agent for Uniti Group LP, Uniti Group Finance 2019 Inc., and CSL Capital, LLC in connection with their concurrent $1.1 billion cash tender offer and consent solicitation. The transactions closed on February 2, 2021.

The Cravath team included partners Andrew J. Pitts and Joseph D. Zavaglia and associates Fay E. Krewer, Aashim Usgaonkar and Elena R. Falloon on capital markets matters, and associate Peter W. Rogers on tax matters. Ddang P. Kim and Gary R. Uter also worked on capital markets matters and Sonia Katharani‑Khan also worked on tax matters.