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Highlights

  • Legacy Uniti shareholders now own approximately 62% of the combined company’s outstanding common stock.
  • Convertible note terms were adjusted post-merger, reflecting new conversion ratios into Uniti common stock.
  • Uniti plans to consolidate Windstream and Legacy Uniti debt under one structure by August 4, 2025.

Uniti Group Inc. (NASDAQ: UNIT) announced on August 1, 2025, the successful completion of its merger with Windstream, a move that consolidates both entities under a single corporate umbrella. The transaction involved the merger of legacy Uniti Group Inc. (now operating as Uniti Group LLC) with New Windstream Merger Sub, LLC, and the integration of New Windstream, LLC into Windstream Parent, Inc. Following these actions, both entities became indirect, wholly owned subsidiaries of the newly structured Uniti.

At the closing of the transaction, stockholders of legacy Uniti received 0.6029 shares of Uniti common stock for each share previously held. This conversion resulted in legacy Uniti shareholders collectively holding approximately 62% of the outstanding common stock of the combined entity.

In tandem with the share exchange, Uniti revised the conversion terms for its 7.50% convertible senior notes due 2027. Investors holding USD 1,000 principal amount of the notes previously had the right to convert into 137.1742 shares of legacy Uniti common stock. Under the new structure, the same amount can now be converted into 82.7023 shares of Uniti common stock.

Uniti also stated that it intends to unify the existing indebtedness of both legacy Uniti and Windstream. This consolidation under a single organizational structure is expected to be completed on or around August 4, 2025.