Crown Castle Increases Revolving Credit Facility Commitments to $4.25 Billion and Extends Maturity of Existing Facilities
June 14 2018 - 4:15PM
Crown Castle International Corp. (NYSE:CCI) ("Crown Castle")
announced today that it increased the commitments under its Senior
Unsecured Revolving Credit Facility (“Revolver”) by $750 million,
for total commitments of $4.25 billion, and extended the maturity
date on its Senior Unsecured Credit Facility (“Credit Facility”) to
June 14, 2023. The Credit Facility consists of a $2.4 billion
Senior Unsecured Term Loan A Facility and, after giving effect to
the increased commitments, a $4.25 billion Revolver. At
closing, there was approximately $4.2 billion in availability under
the Revolver.
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 U.S.
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. For more information on
Crown Castle, please visit www.crowncastle.com.
CONTACTS
Dan Schlanger, CFO & TreasurerBen Lowe, VP Corporate
FinanceCrown Castle International Corp.713-570-3050
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