Moody's assigns B2 to Uniti notes

Moody's Investors Service said it assigned a B2 to Uniti Group Inc.'s planned $1.75 billion of senior secured notes due 2028 which will be issued jointly and severally by Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC.

The B2 rating is the same as the company's outstanding senior secured debt.

The proceeds will be used to fund the partial redemption of the company's 7 7/8% senior secured notes due 2025, repay borrowings under the company's revolving credit facility and for general corporate purposes.

All other ratings, including Uniti's B3 corporate family rating and stable outlook, are unchanged.

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