Real estate investment trust Uniti Group has agreed to acquire privately-held Southern Light in a cash and equity deal worth $700m. Uniti is expected to fund the deal with cash on hand, as well as with potential debt or equity financings and borrowings. JPMorgan Chase, NA, RBC Capital Markets and Citigroup provided committed financing. The acquisition is set to close in Q3 April 10.
Real estate investment trust Uniti Group has agreed to acquire privately-held Southern Light in a cash and equity deal worth $700m. Uniti is expected to fund the deal with cash on hand, as well as with potential debt or equity financings and borrowings. JPMorgan Chase, NA, RBC Capital Markets and Citigroup provided committed financing. The acquisition is set to close in Q3 2017.