Crown Castle Announces Proposed Offering of Senior Notes
January 09 2018 - 8:43AM
Crown Castle International Corp. (NYSE:CCI) ("Crown Castle")
announced today that it is commencing a public offering of senior
notes due 2023 and senior notes due 2028, 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 to repay in full the Senior
Secured Tower Revenue Notes, Series 2010-3, Class C-2020 issued by
certain of Crown Castle’s subsidiaries and a portion of the
outstanding borrowings under its existing revolving credit
facility.
Citigroup, Credit Agricole CIB, RBC Capital
Markets, SOCIETE GENERALE and TD Securities 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 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."
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases more than
40,000 cell towers and approximately 60,000 route miles of fiber
supporting small cells and fiber solutions across every major US
market. This nationwide portfolio of communications infrastructure
connects cities and communities to essential data, technology and
wireless service – bringing information, ideas and innovations to
the people and businesses that need them.
JOINT BOOK-RUNNING MANAGERS CONTACT
INFORMATION
Citigroup Global
Markets Inc.1155 Long Island AvenueEdgewood, NY 11717Attn:
Broadridge Financial SolutionsToll-free: (800) 831-9146Email:
prospectus@citi.com |
Credit Agricole Securities
(USA) Inc. 1301 Avenue of the Americas New York, NY 10019 Attn:
Fixed Income Syndicate Toll-free: (866) 807-6030 |
RBC Capital Markets, LLC200 Vesey Street, 8th Floor New York, NY
10281Toll-free: (866) 375-6829 |
SG Americas Securities,
LLC245 Park Avenue, New York, NY 10167Attn: High Grade Syndicate
DeskToll-free: (855) 881-2108Email: us-glfi-syn-cap@socgen.com |
TD Securities (USA) LLC
31 W. 52nd Street, 2nd Floor New York, NY 10019 Attn: Debt Capital
Markets Toll-free: (855) 495-9846 |
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