NasdaqGS:UNITTelecom
Uniti Group (UNIT) Could Be 6% Overvalued Following Its $1.14b Fiber Notes Offering
Uniti Group (UNIT) is back in focus after its indirect subsidiary, Kinetic ABS Issuer LLC, completed a private offering of secured fiber network revenue term notes totaling about $1.14 billion as part of its fiber-to-the-home securitization program.
See our latest analysis for Uniti Group.
Against this backdrop, Uniti Group’s share price has eased over the past week and quarter. However, the year to date share price return of 58.42% and 1 year total shareholder return of 14.45% point to...