Uniti Group to Merge With Windstream: M&A Snapshot

(Updates with more details)

Uniti Group agreed to merge with Windstream to combine Uniti’s national wholesale owned fiber network with Windstream’s fiber-to-the-home business.

• NOTE: Uniti Group, Windstream Said to Near $15 Billion Combination (2)
• Uniti shareholders will get 62% of the outstanding common equity of the combined company
• Windstream shareholders will get $425m of cash, $575m of preferred equity in the new combined company and common shares representing about 38% of the combined company
• Uniti to fund the $425m of cash consideration from operations, revolver borrowings and/or future capital markets transactions
• Some of Windstream’s largest shareholders including Elliott will be ...