Crown Castle Announces Proposed Public Offering of Common Stock
February 28 2018 - 4:55PM
Crown Castle International Corp. (NYSE:CCI) ("Crown Castle")
announced today that it is commencing an offering of 7,765,000
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 repurchase or repayment of outstanding
indebtedness, including outstanding borrowings under its existing
senior unsecured revolving credit facility.
Citigroup and J.P. Morgan are acting as underwriters in
connection with the offering (“Underwriters”).
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 net proceeds therefrom and the use
of such proceeds. 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.”
UNDERWRITER CONTACT INFORMATION
Citigroup Global Markets
Inc. c/o Broadridge Financial Solutions1155 Long Island
AvenueEdgewood, NY 11717Toll-free: 1-800-831-9146 |
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J.P. Morgan Securities
LLCc/o Broadridge Financial Solutions1155 Long Island
AvenueEdgewood, NY 11717Attn: Prospectus DepartmentToll-free:
1-866-803-9204 |
CONTACTS |
Dan Schlanger, CFO and
TreasurerBen Lowe, VP Corporate FinanceCrown Castle International
Corp.713-570-3050 |
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