Crown Castle Announces Proposed Offering of Senior Notes
March 31 2020 - 8:41AM
Crown Castle International Corp. (NYSE: CCI) ("Crown Castle")
announced today that it is commencing a public offering of one or
more series of senior notes, 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 outstanding indebtedness under its existing
revolving credit facility and, to the extent of any excess
proceeds, for general corporate purposes.
BofA Securities, Inc. and Morgan Stanley are the
joint book-running managers of the offering.
The offering is being made pursuant to the
existing 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 80,000 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.
JOINT BOOK-RUNNING MANAGERS CONTACT
INFORMATION
BofA Securities, Inc.
NC1-004-03-43200 North College Street, 3rd floorCharlotte NC
28255-0001Attn: Prospectus Department Email:
dg.prospectus_requests@bofa.com |
Morgan Stanley & Co. LLC180
Varick StreetNew York, New York 10014Attention: Prospectus
DepartmentTel: (866) 718-1649prospectus@morganstanley.com |
CONTACTSDan Schlanger, CFOBen Lowe, VP & TreasurerCrown
Castle International Corp.713-570-3050
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