Communications Sales & Leasing, Inc. (NASDAQ:CSAL) Q4 2016 Earnings Conference Call - Final Transcript
Feb 23, 2017 • 08:30 am ET
borrowing control repairs revolving credit agreement at close.
Moving to slide 10, slide 10 highlights provides a CS&L facts and highlights on a pro forma basis. Notably, I would point out that you know, the fiber pro forma for this transaction revenues under contract will now exceed $780 million. Our pro forma annual revenues will now be greater than $880 million annually, and we will own 4.3 million fiber strand mouse.
Since our spin off, we made cumulative investments of over $900 million pro forma for this transaction. And our leverage metrics are still in good shape and net leverage of 5.8 times and net secured leverage at 3.7 times. Slide 11 provides our current and pro forma cap table that support the leverage metrics metrics I just referred to.
And with that, I will now hand the call back to Kenny to wrap up with some additional comments on our M&A pipeline.
Thanks, Mark, I want to end by thanking Jason and Kevin Hart and their team for their efforts over the past couple months and also welcome them to the Unity family. We're off to a strong start for 2017 and expect to be very active in M&A, particularly fiber M&A through the balance of the year. And with that, we will open it up to your questions.