Crown Castle Increases Revolving Credit Facility Commitments to $3.5 Billion and Extends Maturity of Existing Facilities
August 29 2017 - 4:15PM
Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) today
announced that it increased the commitments under its Senior
Unsecured Revolving Credit Facility (“Revolver”) by $1 billion, for
total commitments of $3.5 billion, and extended the maturity date
on its Senior Unsecured Credit Facility (“Credit Facility”) to
August 29, 2022. The Credit Facility consists of a $2.5
billion Senior Unsecured Term Loan A Facility and, after giving
effect to the increased commitments, a $3.5 billion Revolver.
At closing, there was $3.5 billion in availability under the
Revolver.
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. For more information on Crown Castle,
please visit www.crowncastle.com.
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 completion of the
Lightower acquisition and the assets to be acquired 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
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Apr 2023 to Apr 2024