Crown Castle Announces Proposed Offering of Senior Notes
April 26 2017 - 8:59AM
Crown Castle International Corp. (NYSE:CCI) ("Crown Castle")
announced today that it is commencing a public offering of senior
notes due 2047, subject to market and other conditions. The
notes will be issued by Crown Castle International Corp.
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.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Credit Agricole CIB, J.P. Morgan, Morgan Stanley and
SunTrust Robinson Humphrey are the joint book-running managers of
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 any joint
book-running manager 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 STATEMENTSThis 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."
ABOUT CROWN CASTLECrown Castle
provides wireless carriers with the infrastructure they need to
keep people connected and businesses running. With
approximately 40,000 towers and 27,500 miles of fiber supporting
small cells, Crown Castle is the nation's largest provider of
shared wireless infrastructure with a significant presence in the
top 100 US markets.
JOINT BOOK-RUNNING MANAGERS CONTACT
INFORMATION
Merrill Lynch, Pierce,
Fenner & Smith Incorporated200 North College Street,
NC1-004-03-43Charlotte, NC 28255Attn: Prospectus
Department,Toll-free: 1-800-294-1322,Email:
dg.prospectus_requests@baml.com |
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Credit Agricole
Securities (USA) Inc.1301 Avenue of the Americas, 17th
Floor, New York, NY 10019Attn: Investment Grade Syndicate
DeskToll Free: 1 866 807 6030 |
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J.P. Morgan Securities
LLC383 Madison Avenue, 3rd FloorNew York, NY 10179Attn: Investment
Grade Syndicate DeskCollect: 1-212-834-4533 |
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Morgan Stanley &
Co. LLC 180 Varick Street New York, New York 10014 Attn: Prospectus
Department Toll-free: (866) 718-1649 |
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SunTrust Robinson
Humphrey, Inc. 3333 Peachtree Road NE Atlanta, GA 30326 Attn:
Prospectus Department Toll-free: (800) 685-4786 |
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Contacts: Dan Schlanger, CFOSon Nguyen, VP & TreasurerCrown
Castle International Corp.713-570-3050
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