Uniti Group entered into an amendment to its credit agreement that, upon receipt of routine regulatory approvals, will extend the maturity date of each lender’s commitment under the company’s senior secured revolving credit facility to Sept. 24, 2027. The amendment also transitions the $500 million revolving credit facility from LIBOR to Term SOFR, and in connection with that change, sets the credit spread adjustment to 10 basis points for all interest periods.

“We are pleased to have successfully completed the extension of our revolving credit facility and we greatly appreciate the continued support of our lending institutions. Taking into account this transaction and our other recent successful debt refinancings, over 97% of our outstanding debt matures in 2027 or later,” Paul Bullington, senior vice president, CFO and treasurer of Uniti Group, said.

Bank of America acted as left lead arranger on the transaction.