$CSAL (Communications Sales & Leasing, Inc.)

$CSAL {{ '2016-08-11T11:53:01+0000' | timeago}} • Announcement

$CSAL posted a net loss in 2Q16, hurt mainly by higher expenses and loss before income taxes compared to 2Q15. Net loss attributable to common shares was $2.9MM or $0.02 per diluted share compared to net income of $8MM or $0.05 per diluted share last year. Revenues were $188.6MM, a growth of 46.5% from last year.

$CSAL {{ '2017-02-15T13:53:46+0000' | timeago}} • Announcement

$CSAL BoD declared a quarterly cash dividend of $0.60 per share, payable on April 14, 2017 to stockholders of record on March 31, 2017.

$CSAL {{ '2017-02-10T12:49:38+0000' | timeago}} • Announcement

$CSAL announced the completion of the repricing of $2.1Bil in term loans outstanding under its senior secured credit agreement.  The interest rate decreased by 50 BP to LIBOR plus 3.00% per annum, with a minimum LIBOR rate of 1.0%. This transaction will reduce $CSAL's cash interest cost by over $10MM annually.

$CSAL {{ '2016-12-12T13:18:12+0000' | timeago}} • Announcement

$CSAL announced the planned offering of approx. $400MM aggregate principal amount of senior notes due 2024. The company intends to use the net proceeds from this offering to repay outstanding amounts under its revolving credit facility and for general corporate purposes.

$CSAL {{ '2016-11-14T14:48:57+0000' | timeago}} • Webcast

$CSAL stated that on the fiber opportunity in Latin America, especially Mexico, there could be 70,000-75,000 new towers coming going forward, mainly with $T entering the market. The company added there will be more investments coming in with $CSAL prioritizing its investment opportunities.

$CSAL {{ '2016-11-14T14:39:18+0000' | timeago}} • Webcast

On the 114 towers under development at Network Management Holdings (NMS), $CSAL said the completion timeline is one year or even before that. On new bookings at NMS, the company added they have more opportunities in Mexico in particular, but can't give exact numbers.

$CSAL {{ '2016-11-14T14:01:15+0000' | timeago}} • Webcast

$CSAL stated that since its spin-off, the company benefited from about $181MM of tenant capital improvements, on a cumulative basis, completed by Windstream. The company added that it remains confident to achieve the PEG and Tower Cloud integration synergies of $2MM run rate in first year and $6MM of cash run rate synergies in year three.

$CSAL {{ '2016-11-14T13:12:26+0000' | timeago}} • Announcement

$CSAL expects 2016 EPS of $0.01-0.03, adjusted funds from operations of $2.60-2.62 per share and normalized FFO per share of $2.48-2.50. The company expects Uniti Fiber's contribution to its 2016 operating results to be about $71MM in revenues and $27MM in adjusted EBITDA. The forecast excludes impact of Network Management and future acquisitions.

$CSAL {{ '2016-11-14T13:11:26+0000' | timeago}} • Announcement

$CSAL agreed to buy privately-held Network Management Holdings Ltd. The initial consideration for 359 wireless towers currently in operation is expected to be about $65MM. The company will buy the towers under development when construction is completed. $CSAL plans to initially fund transaction through borrowings under revolving credit facility.

$CSAL {{ '2016-11-14T13:05:03+0000' | timeago}} • Announcement

$CSAL's funds from operations for 3Q16 fell to $84.72MM or $0.55 per share from $95.25MM or $0.64 per share last year. Adjusted funds from operations grew to $99.69MM from $97.01MM a year ago, while adjusted FFO per share remained flat at $0.65.

$CSAL {{ '2016-11-14T13:01:05+0000' | timeago}} • Announcement

Real estate investment trust $CSAL slipped to a 3Q16 loss from a profit last year, due to higher costs and expenses. Net loss was $4.14MM or $0.03 per share compared to a profit of $8.97MM or $0.06 per share last year. Revenue grew to $200.24MM from $173.63MM.

$CSAL {{ '2016-11-08T21:58:06+0000' | timeago}} • Announcement

$CSAL declared a quarterly cash dividend of $0.60 per share, payable on January 13, 2017 to stockholders of record on December 30, 2016.

$CSAL {{ '2016-10-21T23:09:56+0000' | timeago}} • Announcement

Real estate investment trust firm $CSAL reported that it completed the repricing of $2.1Bil in term loans outstanding under its senior secured credit agreement.

$CSAL {{ '2016-09-01T12:16:44+0000' | timeago}} • Announcement

$CSAL said it closed purchase of Tower Cloud. $CSAL used cash on hand and borrowings under revolving credit facility to fund $185MM cash portion of purchase price and transaction costs, and issued 1.9MM common shares. Ron Mudry leads combined business as President of Uniti Fiber. Mike Friloux, previously CEO of PEG, has been named CTO of $CSAL.

$CSAL {{ '2016-08-11T15:48:22+0000' | timeago}} • Webcast

Barry McCarver of Stephens asks about the new contracted revenue of $40MM under the fiber segment. $CSAL CEO Kenny Gunderman said some of this will actually be hitting the income statement this year and then there will be some in 2017 and 2018.

$CSAL {{ '2016-08-11T15:43:14+0000' | timeago}} • Webcast

$CSAL expects SG&A costs to range between $35-36MM, including $5MM of stock-based compensation expense. The company continues to expect maintenance CapEx related to PEG to be less than $3MM for the post acquisition period. Success-based CapEx in the aggregate should range between $14-18MM, including $1.5MM related to the tower built in Mexico.

$CSAL {{ '2016-08-11T15:40:57+0000' | timeago}} • Webcast

$CSAL said it expects leasing segment revenue to be $676MM in 2016, including $21MM of non-cash straight-line and deferred revenue amortization. The company continues to expect Consumer CLEC business revenue of between $21-22MM with average adjusted EBITDA margins of approx. 21% for 2016.

$CSAL {{ '2016-08-11T15:36:09+0000' | timeago}} • Webcast

$CSAL said it had notable wins with three large national carriers and one state Department of Transportation. These wins along with other bookings in 2Q16 represent new total contractual revenue of nearly $40MM. The company had numerous near-net backhaul wins with attractive yields and margins, including mostly dark fiber awards.

$CSAL {{ '2016-08-11T11:59:50+0000' | timeago}} • Announcement

$CSAL expects full year 2016 net income attributable to common shares to range between $0.08-0.10 per diluted share. AFFO is expected to be $2.58-2.60 per diluted common share, and Normalized FFO is expected to be $2.48-2.50 per diluted common share for 2016.

$CSAL {{ '2016-08-11T11:58:41+0000' | timeago}} • Announcement

At 2Q16-end, $CSAL had $507MM of liquidity consisting of $49MM of unrestricted cash and cash equivalents, and $458MM of undrawn borrowing capacity under its revolving credit facility. The company's leverage ratio at 2Q16-end was 5.6x based on net debt to annualized adjusted EBITDA.

$CSAL {{ '2016-08-11T11:57:13+0000' | timeago}} • Announcement

$CSAL issued $150MM of 6% Senior Secured Notes due 2023 at 99.25% issue price in 2Q16. In connection with Windstream's disposition of its retained stake, the company issued 2.2MM shares of its common stock in June 2016. Aggregate proceeds of about $200MM from these transactions were used to reduce borrowings under the revolving credit agreement.

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