Uniti Group $250 million at-the-market stock offering
Davis Polk advised Uniti Group Inc., as issuer, in connection with a new SEC-registered at-the-market offering program by Uniti under which Uniti may issue and sell shares of its common stock, par value $0.0001 per share, with an aggregate value of up to $250 million, which replaces Uniti’s previous $250 million program commenced on September 2, 2016.
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.
The Davis Polk capital markets team included partner Michael Kaplan and associates John H. Runne, Rahul K. Patel and Alexander Kraik. The tax team included partners Michael Mollerus and Patrick E. Sigmon and associate Joseph M. Gerstel. Associate Allison Gunther provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.