we believe out-of-home advertising continues to be an attractive form of advertising , as our displays are always on , are always viewable and can not be turned off , skipped , blocked or fast-forwarded . further , out-of-home advertising can be an effective “ stand-alone ” medium , as well as an integral part of a campaign to reach audiences using multiple forms of media , including television , radio , print , online , mobile and social media advertising platforms . we provide our customers with a differentiated advertising solution at an attractive price point relative to other forms of advertising . in addition to leasing displays , we provide other value-added services to our customers , such as pre-campaign category research , consumer insights , creative design support , print production and post-campaign tracking and analytics , as well as use of a real-time mobile operations reporting system that facilitates proof of performance to customers for substantially all of our business . 40 u.s. media . our u.s. media segment generated 23 % of its revenues in the new york city metropolitan area in 2017 , 25 % in 2016 and 27 % in 2015 , and generated 16 % in the los angeles metropolitan area in each of 2017 and 2016 , and 15 % in 2015 . our u.s. media segment generated revenues of $ 1,406.5 million in 2017 , $ 1,393.8 million in 2016 and $ 1,344.3 million in 2015 , and operating income before depreciation , amortization , net ( gain ) loss on dispositions , stock-based compensation , restructuring charges and loss on real estate assets held for sale ( “ adjusted oibda ” ) of $ 478.1 million in 2017 , $ 473.8 million in 2016 and $ 451.1 million in 2015 . ( see the “ segment results of operations ” section of this md & a . ) other ( includes international and sports marketing ) . other generated revenues of $ 114.0 million in 2017 , $ 120.1 million in 2016 and $ 169.5 million in 2015 , and adjusted oibda of $ 8.4 million in 2017 , $ 17.8 million in 2016 , and $ 24.3 million in 2015 . economic environment our revenues and operating results are sensitive to fluctuations in advertising expenditures , general economic conditions and other external events beyond our control . business environment the outdoor advertising industry is fragmented , consisting of several companies operating on a national basis , as well as hundreds of smaller regional and local companies operating a limited number of displays in a single or a few local geographic markets . we compete with these companies for customers , structures and display locations . we also compete with other media , including online , mobile and social media advertising platforms and traditional platforms such as , broadcast and cable television , radio , print media and direct mail marketers . increasing the number of digital displays in our most heavily trafficked locations is an important element of our organic growth strategy , as digital displays have the potential to attract additional business from both new and existing customers . we believe digital displays are attractive to our customers because they allow for the development of richer and more visually engaging messages , provide our customers with the flexibility both to target audiences by time of day and to quickly launch new advertising campaigns , and eliminate or greatly reduce production costs . in addition , digital displays enable us to run multiple advertisements on each display . digital billboard displays generate approximately four times more revenue per display on average than traditional static billboard displays . digital billboard displays also incur , on average , approximately two to four times more costs , including higher variable costs associated with the increase in revenue than traditional static billboard displays . as a result , digital billboard displays generate higher profits and cash flows than traditional static billboard displays . the majority of our digital billboard displays were converted from traditional static billboard displays . in 2017 , we commenced deployment of state-of-the-art digital transit displays in connection with several transit franchises and are planning to increase deployments significantly over the coming years . once the digital transit displays have been deployed at scale , we expect that revenue generated on digital transit displays will be a multiple of the revenue generated on comparable static transit displays . we intend to incur significant equipment deployment costs and capital expenditures in the coming years to continue increasing the number of digital displays in our portfolio . in 2017 , we have built or converted 65 new digital billboard displays in the united states and 21 in canada . additionally , in 2017 , we entered into marketing arrangements to sell advertising on 49 digital billboard displays in the u.s. and 26 in canada . in 2017 , we have built , converted or replaced 238 digital transit and other displays in the united states . the following table sets forth information regarding our digital displays . replace_table_token_8_th ( a ) digital display amounts ( 1 ) include displays reserved for transit agency use and ( 2 ) exclude : ( i ) all displays under our multimedia rights agreements with colleges , universities and other educational institutions ; ( ii ) 1,650 metrocard vending machine digital screens ; and ( iii ) 317 in-train advertising displays which are scheduled to be taken out of service permanently . our revenues and profits may fluctuate due to seasonal advertising patterns and influences on advertising markets . typically , our revenues and profits are highest in the fourth quarter , during the holiday shopping season , and lowest in the first quarter , as advertisers cut back on spending following the holiday shopping season . 41 we have a diversified base of customers across various industries . story_separator_special_tag in constant dollars , billboard revenues decreased $ 8.7 million , or 1 % , in 2016 compared to 2015. total transit and other revenues increased $ 13.4 million , or 3 % , in 2016 compared to 2015 , driven by stronger market conditions in local advertising , the impact of an acquisition and the net effect of won and lost franchises in 2016 , partially offset by lower advertising revenue in the first quarter of 2016 from major sports entertainment events and the impact of the disposition . 47 expenses replace_table_token_14_th * calculation is not meaningful . operating expenses our operating expenses are composed of the following : billboard property lease expenses . these expenses reflect the cost of leasing the real property on which our billboards are mounted . these lease agreements have terms varying between one month and multiple years , and usually provide renewal options . rental expenses are comprised of a fixed monthly amount and under certain agreements , also include contingent rent , which varies based on the revenues we generate from the leased site . the fixed portion of property leases are generally paid in advance for periods ranging from one to twelve months and expensed evenly over the contract term . contingent rent is generally paid in arrears and is expensed as incurred when the related revenues are recognized . transit franchise expenses . these expenses reflect costs charged by municipalities and transit operators under transit advertising contracts and are generally calculated based on a percentage of the revenues we generate under the contract , with a minimum guarantee . the costs that are determined based on a percentage of revenues are expensed as incurred when the related revenues are recognized , and the minimum guarantee is expensed over the contract term . posting , maintenance and other site-related expenses . these expenses primarily reflect costs associated with posting and rotation , materials , repairs and maintenance , utilities and property taxes . replace_table_token_15_th billboard property lease expenses represented 35 % of billboard revenues in 2017 and 34 % in each of 2016 and 2015 . the increase in billboard property lease costs in 2017 compared to 2016 was primarily due to an increase in canada billboard property lease costs , primarily as a result of the impact of the transaction , and an increase in u.s. media segment billboard property lease costs , including a $ 1.5 million one-time true-up , partially offset by the impact of the disposition ( a decrease of $ 3.0 million compared to 2016 ) . excluding the impact of the disposition in 2016 , billboard property lease expenses increased 3 % in 2017 compared to 2016. the decrease in billboard property lease expenses in 2016 compared to 2015 was primarily due to the impact of the disposition ( a decrease of $ 12.2 million compared to 2015 ) and lost billboard leases in 2016 , partially offset by increases in billboard property lease expenses in our u.s. media segment . excluding the impact of the disposition in 2016 , billboard property lease expenses increased 2 % in 2016 compared to 2015. transit franchise expenses represented 63 % of transit revenues in each of 2017 , 2016 and 2015 . the increase in transit franchise expenses in 2017 compared to 2016 was primarily due to the increase in transit revenues , primarily from new 48 contracts ( primarily the mbta ) , partially offset by the impact of the disposition ( a decrease of $ 0.8 million compared to 2016 ) . the increase in transit franchise expenses in 2016 compared to 2015 was primarily due to the increase in transit revenues , partially offset by the impact of the disposition ( a decrease of $ 3.6 million compared to 2015 ) . billboard property lease and transit franchise expenses increased by $ 13.4 million in 2017 compared to 2016 . billboard property lease and transit franchise expenses decreased by $ 1.0 million in 2016 compared to 2015 . posting , maintenance and other expenses as a percentage of revenues were 15 % in each of 2017 and 2016 and 16 % in 2015 . posting , maintenance and other expenses increased $ 3.7 million , or 2 % , in 2017 compared to 2016 , primarily due to higher expenses related to our sports marketing operating segment , higher compensation and benefits-related costs , and the impact of hurricanes in the florida and texas markets , partially offset by the impact of the disposition ( a decrease of $ 5.0 million compared to 2016 ) . excluding the impact of the disposition , posting , maintenance and other expenses increased 4 % in 2017 compared to 2016. posting , maintenance and other expenses decreased $ 14.0 million , or 6 % , in 2016 compared to 2015 , principally due to the impact of the disposition ( a decrease of $ 17.1 million compared to 2015 ) . excluding the impact of the disposition , posting , maintenance and other expenses increased 1 % in 2016 compared to 2015. selling , general and administrative expenses ( “ sg & a ” ) sg & a expenses represented 17 % of revenues in each of 2017 , 2016 and 2015 . sg & a expenses decreased $ 3.1 million , or 1 % , in 2017 compared to 2016 , primarily due to lower professional fees and the impact of the disposition ( a decrease of $ 3.1 million compared to 2016 ) , partially offset by higher expenses related to our sports marketing operating segment . excluding the impact of the disposition , sg & a expenses in 2017 were comparable to 2016. sg & a expenses increased $ 6.5 million , or 3 % , in 2016 compared to 2015 , primarily due to increased sales and other compensation-related expenses and one-time professional fees in 2016 of $ 3.8 million associated with implementing

debt debt , net , consists of the following : replace_table_token_22_th 58 replace_table_token_23_th on march 16 , 2017 , the company , along with its wholly-owned subsidiaries , outfront media capital llc ( “ finance llc ” ) and outfront media capital corporation ( together with finance llc , the “ borrowers ” ) , and other guarantor subsidiaries party thereto , entered into an amendment ( the “ amendment ” ) to its credit agreement and its related security agreement , each dated january 31 , 2014 ( together , and as amended , supplemented or otherwise modified , the “ credit agreement ” ) . the amendment provides for ( i ) the extension of the maturity date of the borrowers ' existing revolving credit facility ( the “ revolving credit facility ” ) from january 31 , 2019 , to march 16 , 2022 , ( ii ) the extension of the maturity date of the borrowers ' existing term loan ( the “ term loan ” and together with the revolving credit facility , the “ senior credit facilities ” ) from january 31 , 2021 , to march 16 , 2024 , ( iii ) an increase to the revolving credit facility by $ 5.0 million to $ 430.0 million , ( iv ) the incurrence of a $ 10.0 million incremental term loan primarily to cover transaction fees and expenses , which increases the outstanding principal balance of the term loan to $ 670.0 million , and ( v ) revisions to certain provisions of the credit agreement to , among other things , lower the interest rate floor for all loans to 0.0 % and update covenants for greater operational and financial flexibility to the company ( including incurrence of additional indebtedness ) , as well as include other ministerial changes to the credit agreement . the remaining terms of the credit agreement , as amended by the amendment , are substantially the same as the terms under the existing credit agreement , including with respect to events of default and loan acceleration . the letter of credit sublimit that is part of the revolving credit facility under the credit agreement remains at $ 100.0 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt debt , net , consists of the following : replace_table_token_22_th 58 replace_table_token_23_th on march 16 , 2017 , the company , along with its wholly-owned subsidiaries , outfront media capital llc ( “ finance llc ” ) and outfront media capital corporation ( together with finance llc , the “ borrowers ” ) , and other guarantor subsidiaries party thereto , entered into an amendment ( the “ amendment ” ) to its credit agreement and its related security agreement , each dated january 31 , 2014 ( together , and as amended , supplemented or otherwise modified , the “ credit agreement ” ) . the amendment provides for ( i ) the extension of the maturity date of the borrowers ' existing revolving credit facility ( the “ revolving credit facility ” ) from january 31 , 2019 , to march 16 , 2022 , ( ii ) the extension of the maturity date of the borrowers ' existing term loan ( the “ term loan ” and together with the revolving credit facility , the “ senior credit facilities ” ) from january 31 , 2021 , to march 16 , 2024 , ( iii ) an increase to the revolving credit facility by $ 5.0 million to $ 430.0 million , ( iv ) the incurrence of a $ 10.0 million incremental term loan primarily to cover transaction fees and expenses , which increases the outstanding principal balance of the term loan to $ 670.0 million , and ( v ) revisions to certain provisions of the credit agreement to , among other things , lower the interest rate floor for all loans to 0.0 % and update covenants for greater operational and financial flexibility to the company ( including incurrence of additional indebtedness ) , as well as include other ministerial changes to the credit agreement . the remaining terms of the credit agreement , as amended by the amendment , are substantially the same as the terms under the existing credit agreement , including with respect to events of default and loan acceleration . the letter of credit sublimit that is part of the revolving credit facility under the credit agreement remains at $ 100.0 million .
```    
 Suspicious Activity Report : we believe out-of-home advertising continues to be an attractive form of advertising , as our displays are always on , are always viewable and can not be turned off , skipped , blocked or fast-forwarded . further , out-of-home advertising can be an effective “ stand-alone ” medium , as well as an integral part of a campaign to reach audiences using multiple forms of media , including television , radio , print , online , mobile and social media advertising platforms . we provide our customers with a differentiated advertising solution at an attractive price point relative to other forms of advertising . in addition to leasing displays , we provide other value-added services to our customers , such as pre-campaign category research , consumer insights , creative design support , print production and post-campaign tracking and analytics , as well as use of a real-time mobile operations reporting system that facilitates proof of performance to customers for substantially all of our business . 40 u.s. media . our u.s. media segment generated 23 % of its revenues in the new york city metropolitan area in 2017 , 25 % in 2016 and 27 % in 2015 , and generated 16 % in the los angeles metropolitan area in each of 2017 and 2016 , and 15 % in 2015 . our u.s. media segment generated revenues of $ 1,406.5 million in 2017 , $ 1,393.8 million in 2016 and $ 1,344.3 million in 2015 , and operating income before depreciation , amortization , net ( gain ) loss on dispositions , stock-based compensation , restructuring charges and loss on real estate assets held for sale ( “ adjusted oibda ” ) of $ 478.1 million in 2017 , $ 473.8 million in 2016 and $ 451.1 million in 2015 . ( see the “ segment results of operations ” section of this md & a . ) other ( includes international and sports marketing ) . other generated revenues of $ 114.0 million in 2017 , $ 120.1 million in 2016 and $ 169.5 million in 2015 , and adjusted oibda of $ 8.4 million in 2017 , $ 17.8 million in 2016 , and $ 24.3 million in 2015 . economic environment our revenues and operating results are sensitive to fluctuations in advertising expenditures , general economic conditions and other external events beyond our control . business environment the outdoor advertising industry is fragmented , consisting of several companies operating on a national basis , as well as hundreds of smaller regional and local companies operating a limited number of displays in a single or a few local geographic markets . we compete with these companies for customers , structures and display locations . we also compete with other media , including online , mobile and social media advertising platforms and traditional platforms such as , broadcast and cable television , radio , print media and direct mail marketers . increasing the number of digital displays in our most heavily trafficked locations is an important element of our organic growth strategy , as digital displays have the potential to attract additional business from both new and existing customers . we believe digital displays are attractive to our customers because they allow for the development of richer and more visually engaging messages , provide our customers with the flexibility both to target audiences by time of day and to quickly launch new advertising campaigns , and eliminate or greatly reduce production costs . in addition , digital displays enable us to run multiple advertisements on each display . digital billboard displays generate approximately four times more revenue per display on average than traditional static billboard displays . digital billboard displays also incur , on average , approximately two to four times more costs , including higher variable costs associated with the increase in revenue than traditional static billboard displays . as a result , digital billboard displays generate higher profits and cash flows than traditional static billboard displays . the majority of our digital billboard displays were converted from traditional static billboard displays . in 2017 , we commenced deployment of state-of-the-art digital transit displays in connection with several transit franchises and are planning to increase deployments significantly over the coming years . once the digital transit displays have been deployed at scale , we expect that revenue generated on digital transit displays will be a multiple of the revenue generated on comparable static transit displays . we intend to incur significant equipment deployment costs and capital expenditures in the coming years to continue increasing the number of digital displays in our portfolio . in 2017 , we have built or converted 65 new digital billboard displays in the united states and 21 in canada . additionally , in 2017 , we entered into marketing arrangements to sell advertising on 49 digital billboard displays in the u.s. and 26 in canada . in 2017 , we have built , converted or replaced 238 digital transit and other displays in the united states . the following table sets forth information regarding our digital displays . replace_table_token_8_th ( a ) digital display amounts ( 1 ) include displays reserved for transit agency use and ( 2 ) exclude : ( i ) all displays under our multimedia rights agreements with colleges , universities and other educational institutions ; ( ii ) 1,650 metrocard vending machine digital screens ; and ( iii ) 317 in-train advertising displays which are scheduled to be taken out of service permanently . our revenues and profits may fluctuate due to seasonal advertising patterns and influences on advertising markets . typically , our revenues and profits are highest in the fourth quarter , during the holiday shopping season , and lowest in the first quarter , as advertisers cut back on spending following the holiday shopping season . 41 we have a diversified base of customers across various industries . story_separator_special_tag in constant dollars , billboard revenues decreased $ 8.7 million , or 1 % , in 2016 compared to 2015. total transit and other revenues increased $ 13.4 million , or 3 % , in 2016 compared to 2015 , driven by stronger market conditions in local advertising , the impact of an acquisition and the net effect of won and lost franchises in 2016 , partially offset by lower advertising revenue in the first quarter of 2016 from major sports entertainment events and the impact of the disposition . 47 expenses replace_table_token_14_th * calculation is not meaningful . operating expenses our operating expenses are composed of the following : billboard property lease expenses . these expenses reflect the cost of leasing the real property on which our billboards are mounted . these lease agreements have terms varying between one month and multiple years , and usually provide renewal options . rental expenses are comprised of a fixed monthly amount and under certain agreements , also include contingent rent , which varies based on the revenues we generate from the leased site . the fixed portion of property leases are generally paid in advance for periods ranging from one to twelve months and expensed evenly over the contract term . contingent rent is generally paid in arrears and is expensed as incurred when the related revenues are recognized . transit franchise expenses . these expenses reflect costs charged by municipalities and transit operators under transit advertising contracts and are generally calculated based on a percentage of the revenues we generate under the contract , with a minimum guarantee . the costs that are determined based on a percentage of revenues are expensed as incurred when the related revenues are recognized , and the minimum guarantee is expensed over the contract term . posting , maintenance and other site-related expenses . these expenses primarily reflect costs associated with posting and rotation , materials , repairs and maintenance , utilities and property taxes . replace_table_token_15_th billboard property lease expenses represented 35 % of billboard revenues in 2017 and 34 % in each of 2016 and 2015 . the increase in billboard property lease costs in 2017 compared to 2016 was primarily due to an increase in canada billboard property lease costs , primarily as a result of the impact of the transaction , and an increase in u.s. media segment billboard property lease costs , including a $ 1.5 million one-time true-up , partially offset by the impact of the disposition ( a decrease of $ 3.0 million compared to 2016 ) . excluding the impact of the disposition in 2016 , billboard property lease expenses increased 3 % in 2017 compared to 2016. the decrease in billboard property lease expenses in 2016 compared to 2015 was primarily due to the impact of the disposition ( a decrease of $ 12.2 million compared to 2015 ) and lost billboard leases in 2016 , partially offset by increases in billboard property lease expenses in our u.s. media segment . excluding the impact of the disposition in 2016 , billboard property lease expenses increased 2 % in 2016 compared to 2015. transit franchise expenses represented 63 % of transit revenues in each of 2017 , 2016 and 2015 . the increase in transit franchise expenses in 2017 compared to 2016 was primarily due to the increase in transit revenues , primarily from new 48 contracts ( primarily the mbta ) , partially offset by the impact of the disposition ( a decrease of $ 0.8 million compared to 2016 ) . the increase in transit franchise expenses in 2016 compared to 2015 was primarily due to the increase in transit revenues , partially offset by the impact of the disposition ( a decrease of $ 3.6 million compared to 2015 ) . billboard property lease and transit franchise expenses increased by $ 13.4 million in 2017 compared to 2016 . billboard property lease and transit franchise expenses decreased by $ 1.0 million in 2016 compared to 2015 . posting , maintenance and other expenses as a percentage of revenues were 15 % in each of 2017 and 2016 and 16 % in 2015 . posting , maintenance and other expenses increased $ 3.7 million , or 2 % , in 2017 compared to 2016 , primarily due to higher expenses related to our sports marketing operating segment , higher compensation and benefits-related costs , and the impact of hurricanes in the florida and texas markets , partially offset by the impact of the disposition ( a decrease of $ 5.0 million compared to 2016 ) . excluding the impact of the disposition , posting , maintenance and other expenses increased 4 % in 2017 compared to 2016. posting , maintenance and other expenses decreased $ 14.0 million , or 6 % , in 2016 compared to 2015 , principally due to the impact of the disposition ( a decrease of $ 17.1 million compared to 2015 ) . excluding the impact of the disposition , posting , maintenance and other expenses increased 1 % in 2016 compared to 2015. selling , general and administrative expenses ( “ sg & a ” ) sg & a expenses represented 17 % of revenues in each of 2017 , 2016 and 2015 . sg & a expenses decreased $ 3.1 million , or 1 % , in 2017 compared to 2016 , primarily due to lower professional fees and the impact of the disposition ( a decrease of $ 3.1 million compared to 2016 ) , partially offset by higher expenses related to our sports marketing operating segment . excluding the impact of the disposition , sg & a expenses in 2017 were comparable to 2016. sg & a expenses increased $ 6.5 million , or 3 % , in 2016 compared to 2015 , primarily due to increased sales and other compensation-related expenses and one-time professional fees in 2016 of $ 3.8 million associated with implementing

