Communications Sales to repay revolving credit facility via new notes

By Tali Rackner

Norfolk, Va., Dec. 12 – Communications Sales & Leasing, Inc. plans to repay outstanding amounts under its revolving credit facility using the proceeds from a $400 million senior note offering, according to a Monday press release.

Proceeds will also be used for general corporate purposes.

Communications Sales & Leasing is a Little Rock, Ark.-based real estate investment trust engaged in the acquisition and construction of communications infrastructure.

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