Uniti Group $700 million acquisition of Southern Light

10/4/2017
Public acquisition

$ 700 million

Announced

10/4/2017


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

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