Crown Castle Announces Proposed Public Offering of Common Stock
April 25 2017 - 4:15PM
Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”)
announced today that it is commencing an offering of
4,750,000 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 proposed acquisition of Wilcon Holdings
LLC (“Wilcon Acquisition”), discretionary investments and the
repayment or repurchase of outstanding indebtedness. This
offering is not contingent upon the consummation of the Wilcon
Acquisition.
Barclays, RBC Capital Markets, Citigroup and
J.P. Morgan 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.”
Contacts: Dan Schlanger, CFOSon Nguyen, VP & TreasurerCrown
Castle International Corp.713-570-3050
UNDERWRITER CONTACT INFORMATION
Barclays Capital Inc.,1155 Long Island
Avenue, Edgewood, NY 11717 Attn: Broadridge Financial Solutions
Toll-free: 1-888-603-5847
Barclaysprospectus@broadridge.com
Citigroup Global Markets Inc. c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146)
RBC Capital Markets LLC, 200 Vesey Street, 8th Floor,
New York, NY 10281-8098 Attn: Equity Syndicate Toll-free:
1-877-822-4089 Equityprospectus@rbccm.com
J.P. Morgan Securities LLC c/o Broadridge Financial
Solutions 1155 Long Island Avenue, Edgewood, NY 11717 Attn:
Prospectus Department Toll-free: 1-866-803-9204
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