Crown Castle Announces Proposed Offering of Senior Notes
July 25 2017 - 8:42AM
Crown Castle International Corp. (NYSE:CCI) ("Crown Castle")
announced today that it is commencing a public offering of senior
notes due 2024 and senior notes due 2027, in each case 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, together with the net proceeds
from its previously announced common stock offering and mandatory
convertible preferred stock offering and cash on hand, to finance
its previously announced acquisition of LTS Group Holdings LLC
(“Lightower Acquisition”) and to pay related fees and expenses.
Morgan Stanley, Merrill Lynch, Pierce, Fenner
& Smith Incorporated, Barclays, Mizuho Securities, and RBC
Capital Markets 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 60,000 route miles of fiber supporting small
cells following the completion of the Lightower Acquisition, Crown
Castle is the nation's largest provider of shared wireless
infrastructure with a significant presence in the top 100 U.S.
markets.
JOINT BOOK-RUNNING MANAGERS CONTACT
INFORMATION
Morgan
Stanley & Co. LLC 180 Varick Street, 2nd Floor New York, NY
10014 Attn: Prospectus Department Toll-free: (866) 718-1649 |
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Merrill
Lynch, Pierce, Fenner & Smith IncorporatedNC1-004-03-43200
North College Street, 3rd floorCharlotte, NC 28255-0001Attn:
Prospectus DepartmentEmail:
dg.prospectus_requests@baml.com |
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Barclays Capital Inc. 1155
Long Island Avenue Edgewood, NY 11717 Attn: Broadridge Financial
Solutions Toll-free: (888) 603-5847 E-mail:
barclaysprospectus@broadridge.com |
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Mizuho
Securities USA LLC320 Park Avenue New York, NY 10022Attn: Debt
Capital MarketsToll-free: (866) 271-7403 |
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RBC Capital
Markets LLC200 Vesey Street, 8th Floor New York, NY 10281Toll-free:
(866) 375-6829 |
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Contacts: |
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Dan
Schlanger, CFO |
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Son
Nguyen, VP & Treasurer |
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Crown Castle International Corp. |
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713-570-3050 |
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