Uniti Group extends revolver commitments, transitions to term SOFR

By Marisa Wong

Los Angeles, March 27 – Uniti Group Inc. entered into an amendment to its credit agreement that extends the maturity date of each lender’s commitment under its senior secured revolving credit facility to Sept. 24, 2027, according to a press release and 8-K filing with the Securities and Exchange Commission.

The amendment also transitions the $500 million revolver to term SOFR from Libor and, in connection with that change, sets the credit spread adjustment to 10 basis points for all interest periods.

Bank of America acted as left lead arranger on the transaction.

Uniti is an internally managed real estate investment trust based in Little Rock, Ark.

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