Uniti Group Completes Merger with Windstream, Leadership Changes, and Debt Consolidation Ahead

Uniti Group has completed its merger with Windstream, resulting in both companies becoming indirect, wholly owned subsidiaries of Uniti. Following the merger, Uniti's common stock will continue trading under the ticker 'UNIT' on the Nasdaq Global Select Market. Kenneth A. Gunderman and Daniel L. Heard were appointed as directors of Uniti, and the company plans to consolidate its and Windstream's debt silos shortly after the merger.

Uniti Group Inc. (Nasdaq: UNIT) has successfully completed its merger with Windstream, resulting in both companies becoming indirect, wholly owned subsidiaries of Uniti. The merger, announced on August 1, 2025, saw the legacy Uniti Group Inc. (now known as Uniti Group LLC, "Legacy Uniti") merge with New Windstream Merger Sub, LLC, and New Windstream, LLC (together with its subsidiaries, "Windstream") merge with and into Windstream Parent, Inc. [1] [2].

As a result of the merger, Legacy Uniti and Windstream have become indirect, wholly owned subsidiaries of Uniti. As of August 4, 2025, Uniti's common stock will be listed on the Nasdaq Global Select Market under the symbol "UNIT" [1] [2].

Upon the closing of the merger, Legacy Uniti stockholders received 0.6029 shares of Uniti common stock per share of Legacy Uniti common stock held at the closing of the merger, resulting in Legacy Uniti stockholders collectively holding approximately 62% of the outstanding common stock of the combined company. Additionally, the right to convert each $1,000 principal amount of Uniti's 7.50% convertible senior notes due 2027 into 137.1742 shares of Legacy Uniti common stock was changed to a right to convert such principal amount of such notes into 82.7023 shares of Uniti common stock [1] [2].

Following the merger, Kenneth A. Gunderman and Daniel L. Heard were appointed as directors of Uniti [1] [2]. The company plans to consolidate its and Windstream's debt silos shortly after the merger, aiming to complete this process on or around August 4, 2025 [1] [2].

Uniti Group Inc. is a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. It builds, operates, and delivers fast and reliable communications services, empowering more than a million consumers and businesses in the digital economy. The company's broad portfolio of services is offered through a suite of brands: Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions [1] [2].

References:
[1] https://investor.uniti.com/news-releases/news-release-details/uniti-completes-merger-windstream
[2] https://www.nasdaq.com/press-release/uniti-completes-merger-windstream-2025-08-01