Crown Castle Announces Proposed Public Offering of Common Stock
November 01 2016 - 04:26PM
Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”)
announced today that it is commencing an offering of
11,350,000 shares of its common stock in a registered public
offering, subject to market and other conditions. Crown
Castle intends to use the net proceeds from this offering for
general corporate purposes, which may include the funding of
acquisitions, including the recently announced acquisition of FPL
FiberNet Holdings, LLC and certain other subsidiaries of NextEra
Energy, Inc. (“FiberNet Transaction”), discretionary
investments and the repayment or repurchase of outstanding
indebtedness. This offering is not contingent upon the
consummation of the FiberNet Transaction.
J.P. Morgan, Citigroup and Morgan Stanley are
acting as underwriters in connection with the offering.
The offering is being made pursuant to an
effective shelf registration statement filed with the Securities
and Exchange Commission (“SEC”). The offering will be made only by
means of a prospectus supplement and the accompanying base
prospectus, copies of which may be obtained by contacting the
underwriters using the information provided below. An electronic
copy of the preliminary prospectus supplement, together with the
accompanying prospectus, is also available on the SEC’s website,
www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or other jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Cautionary Language Regarding
Forward-Looking Statements
This press release contains forward-looking
statements that are based on Crown Castle management’s current
expectations. Such statements include plans, projections and
estimates regarding the proposed offering, including the use of
proceeds therefrom. Such forward-looking statements are subject to
certain risks, uncertainties and assumptions, including prevailing
market conditions and other factors. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those expected. More information about potential risk factors
that could affect Crown Castle and its results is included in Crown
Castle’s filings with the SEC. The term “including,” and any
variation thereof, means “including, without limitation.”
UNDERWRITER CONTACT INFORMATION
J.P. Morgan Securities
LLCc/o Broadridge Financial Solutions1155 Long Island
AvenueEdgewood, NY 11717Attention: Prospectus Department(866)
803-9204 |
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Citigroup Global Markets
Inc.c/o Broadridge Financial Solutions1155 Long Island
AvenueEdgewood, NY 11717Attention: Prospectus Department(800)
831-9146 |
Morgan Stanley &
Co. LLC180 Varick Street, 2nd FloorNew York, NY 10014Attn:
Prospectus Department |
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Contacts: Dan Schlanger,
CFO |
Son Nguyen, VP &
Treasurer |
Crown Castle International
Corp. |
713-570-3050 |
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