Davis Polk advised Communications Sales & Leasing, Inc. (“CS&L”), as issuer, in connection with an SEC-registered at-the-market offering program by CS&L under which CS&L may issue and sell shares of its common stock, par value $0.0001 per share, with an aggregate value of up to $250 million.
CS&L, 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 capital markets team included partner Michael Kaplan and associates Alice Z. Chen, Milson C. Yu, Donald Shum, John H. Runne and Yolanda Min. The tax team included partner Michael Mollerus and associate Anne E. McGinnis. Associate Jennifer Wang provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.