Davis Polk advised Communications Sales & Leasing, Inc., as issuer, and CSL Capital, LLC, as co-issuer, in connection with the Rule 144A/Regulation S offering of $400 million aggregate principal amount of their 7.125% senior notes due 2024. The notes are guaranteed by certain of CS&L’s domestic subsidiaries. CS&L intends to use the net proceeds from this offering to repay outstanding amounts under its revolving credit facility and for general corporate purposes.

CS&L is an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. CS&L currently owns 4.2 million fiber strand miles, 86 wireless towers and other communications real estate throughout the United States and Mexico.

The Davis Polk corporate team included partner Michael Kaplan and associates Alice Z. Chen, John H. Runne and Brandon Une. The tax team included partner Michael Mollerus and associate Anne E. McGinnis. All members of the Davis Polk team are based in the New York office.

Copy link to share post