Array Digital Infrastructure, Inc. , 5.50% Senior Notes due 06/01/2070 (UZF)
NGS · · CUSIP 911684884
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Security Details

Coupon Rate
5.50%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
6/1/2026
Maturity Date
6/1/2070
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.375
Distribution Dates
3/1, 6/1, 9/1 & 12/1
Credit Ratings
Moody's Ba2 · S&P BB (4/20/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Exchange-Traded Debt Security »
CUSIP
911684884
Market Cap
Small Cap
IPO
5/10/2021 · $25.00/share
Previous Symbol
UZF
Previous Name
United States Cellular Corp
Parent Company
United States Cellular Corp. (AD)
Business: Array Digital Infrastructure, Inc. Formerly United States Cellular Corp., 5.50% Senior Notes due 2070, issued in $25 denominations, redeemable at the issuer's option on or after 06/01/2026 at $25 per note plus accrued and unpaid interest, and maturing 06/01/2070. <p> Interest distributions of 5.50% per annum ($1.375 per annum or $0.34375 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be one business day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. </p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was rated as Ba1 by Moody’s and BB by S&P at the date of its IPO. This security was rated as BB+ by Fitch Ratings Co. at the date of its IPO. The Notes are senior unsecured and unsubordinated obligations of the company and will rank equally with all existing and future senior unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: Aug. 1, 2025 /- Array Digital Infrastructure, Inc.SM ("ArraySM"), (NYSE: USM), formerly United States Cellular Corporation, has declared a special cash dividend of $23.00 per Common Share and Series A Common Share. The special dividend is payable on August 19, 2025, to shareholders of record on August 11, 2025. Since the Special Dividend is more than 25% of the current stock price, the New York Stock Exchange ("NYSE") has determined that the shares will trade with "due bills" representing an assignment of the right to receive the Special Dividend up through and inclusive of the payment date of August 19, 2025. The ex-dividend date will be August 20, 2025, the first business day following the payment date. Stockholders who sell their shares on or before the payment date will not be entitled to receive the Special Dividend. Due bills obligate a seller of shares to deliver the special dividend payable on such shares to the buyer. Accordingly, if an investor wishes to receive the Special Cash Dividend, the investor will need to hold the Array shares through and including the payment date of August 19, 2025.

Company Contact

CEO
Laurent Therivel
CFO
Douglas W. Chambers
Headquarters
500 West Madison Street, Suite 810, Chicago, IL 60661
Phone
773-399-8900 · Toll-Free 888-944-9400
Fax
773-399-8936
Investor Relations
Julie Mathews, TDS, Inc. · 312-592-5379 · julie.mathews@tdsinc.com
SEC EDGAR Filings
View filings »