Ann: Uniti acquires Telstra Velocity Assets, page-3

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Debt Facilities: Uniti has received formal commitments from its existing banking syndicate members
(Commonwealth Bank and Westpac) to provide an additional $50M, to part-fund the Velocity assets
acquisition, on commercial terms equivalent to Uniti’s existing facilities. In light of the incremental
earnings contribution to be provided by Velocity from completion, Uniti’s net leverage ratio4) remains
similar to that prior to this transaction, at approximately 2.3 times after including the $21M EBITDA
contribution from this acquisition (and 2.8 times if deferred consideration is included, noting that the
majority of the deferred consideration is payable on or around 3 years following completion).
Underwritten Institutional Placement: Uniti has secured a fully underwritten commitment from Merrill
Lynch Equities (Australia) Limited (BofA Securities) of $50M for approximately 33.3M new fully paid
ordinary shares in Uniti, to be issued via a fully underwritten institutional placement (Placement) (using
Uniti's placement capacity under ASX Listing Rule 7.1) at a price of $1.50 per share, representing a 1.4%
premium to the last closing price of $1.48 on 15 December 2020. The new Uniti shares are being offered
to institutional investors during the course of today.
Share Purchase Plan: In order to provide all shareholders with an opportunity to participate in the equity
raising, Uniti will offer existing shareholders the ability to acquire up to a maximum of $30,000 in fully
paid ordinary shares in Uniti under a Share Purchase Plan (SPP), targeting a maximum raising from the
SPP of $10M. The issue price per share under the SPP will be the lesser of the price offered under the
Placement and the volume weighted average price of Uniti shares traded on the ASX during the five
trading days up to and including the date the SPP offer closes, less a 2% discount rounded to the nearest
cent. The SPP will not be underwritten as its proceeds are surplus to funding requirements for this
transaction. In the event that Uniti receives SPP over subscriptions, applications will be scaled back
proportionately5. Eligible Shareholders are those shareholders who have a registered address in Australia
and New Zealand as at 7.00pm AEST on 15 December 2020. The SPP offer period is expected to open on
23 December 2020 and the Company will provide further information on the SPP to shareholders in the
coming days.