LITTLE ROCK, Ark., April 19, 2017 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq:UNIT)
announced today the pricing of its previously announced public offering of 16,981,133 shares of its common stock (the “Shares”) at
a public offering price of $26.50 per share. The offering is expected to close on April 25, 2017, subject to customary closing
conditions. The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration payable in
connection with the acquisitions of Southern Light, LLC and Hunt Telecommunications, LLC (collectively, the “Acquisitions”).
Closing of the Acquisitions will occur after the closing of this offering and are subject to various closing conditions. If such
Acquisitions are not completed, the Company will use the net proceeds for general corporate purposes, which may include, among
other things, working capital and other acquisitions.
The underwriters have a 30-day option to purchase up to 2,547,169 additional shares of common stock of the
Company.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint
book-running managers of the offering and as representatives of the underwriters. Barclays Capital Inc., BofA Merrill Lynch, Credit
Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are also acting as
joint book-running managers of the offering. This offering is being made under an effective shelf registration statement filed with
the U.S. Securities and Exchange Commission, and this offering is being made only by means of a prospectus supplement for this
offering and a related base prospectus. Copies of the prospectus supplement and related base prospectus may be obtained by
contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
telephone (800) 831-9146; J.P. Morgan Securities LLC at 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Broadridge
Financial Services, telephone (866) 803-9204; or RBC Capital Markets, LLC at Equity Syndicate, 200 Vesey Street, 8th Floor, New
York, NY 10281, telephone (877) 822-4089 or by email to equityprospectus@rbccm.com.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT UNITI
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of
mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the
communications industry. Uniti owns 4.2 million fiber strand miles, 468 wireless towers, and other communications real estate
throughout the United States and Latin America as of January 31, 2017.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all
statements that are not historical statements of fact including those regarding our expectations about the consummation of the
Acquisitions and those regarding the proposed offering of the Shares.
Words such as “anticipate(s),” “expect(s),” “intend(s),” “estimate(s),” “foresee(s),” “plan(s),” “believe(s),”
“may,” “will,” “would,” “could,” “should,” “seek(s)” and similar expressions, or the negative of these terms, are intended to
identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are
subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected,
forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we
can give no assurance that our expectations will be attained. Uniti expressly disclaims any obligation to release publicly
any updates or revisions to any of the forward looking statements set forth in this release to reflect any change in its
expectations or any change in events, conditions or circumstances on which any statement is based.
INVESTOR AND MEDIA CONTACTS: Mark A. Wallace, 501-850-0866 EVP, Chief Financial Officer & Treasurer mark.wallace@uniti.com Jim Volk, 501-850-0872 VP, Finance & Investor Relations jim.volk@uniti.com
