Uniti Group $700 million acquisition of Southern Light

Overview:

• Real estate investment trust (REIT) Uniti Group has acquired Southern Light in a $700 million deal.
• Southern Light is a data transport service provider that operates along the Gulf Coast.
• Uniti will likely fund the deal through a combination of available cash, debt and equity financings and revolving credit facilities.
• Citigroup Global Markets and RBC Capital Markets acted as financial advisers for Uniti and SunTrust Robinson Humphrey acted for Southern Light.
• The transaction is expected to close by the third quarter of 2017.

Kurt Stumpo - Journalist