LITTLE ROCK, Ark., July 21, 2017 (GLOBE NEWSWIRE) -- In connection with the July 3, 2017 closing of the acquisition
of Southern Light LLC, Uniti Group Inc. (“Uniti”) (NASDAQ:UNIT) announced today, on behalf of its subsidiaries Uniti Group LP,
Uniti Fiber Holdings Inc. and CSL Capital, LLC (together, the “Issuers”), the mandatory exchange date of the Issuers’ 7.125% Senior
Notes due 2024 (the “Notes”) issued pursuant to the indenture dated May 8, 2017, as amended and supplemented as of the date hereof
(the “Indenture”), among the Issuers, the guarantors party thereto and Wells Fargo Bank, National Association (the “Trustee”).
Pursuant to the Indenture, the Notes will be exchanged for 7.125% Senior Notes due 2024 issued as “additional notes” under the
indenture dated December 15, 2016, as amended and supplemented as of the date hereof (the “2016 Indenture”), among the Issuers, the
guarantors party thereto and the Trustee. The additional notes will be part of the same series as the existing 7.125% Senior Notes
due 2024 issued under the 2016 Indenture and will have the same CUSIP numbers as, and be fungible with, the notes issued under the
2016 Indenture. The date of the mandatory exchange will be August 11, 2017. No action or consent by the holders of the Notes is
necessary to effect the mandatory exchange.
This news release does not constitute notice of the exchange of the Notes. Holders of the Notes should refer to the notice of
exchange to be delivered to the registered holders of the Notes by the Trustee.
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. As of July 3, 2017, Uniti owns 4.8 million fiber strand miles, 644 wireless towers, and other communications real
estate throughout the United States and Mexico. Additional information about Uniti can be found on its website at www.uniti.com.
INVESTOR AND MEDIA CONTACTS: Mark A. Wallace, 501-850-0866 Executive Vice President, Chief Financial Officer & Treasurer mark.wallace@uniti.com Jim Volk, 501-850-0872 Vice President, Finance & Investor Relations jim.volk@uniti.com
