Crown Castle Announces Proposed Offering of Senior Notes
March 02 2022 - 08:43AM
Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”)
announced today that it is commencing a public offering of senior
notes, subject to market and other conditions. The notes will be
issued by Crown Castle. Crown Castle intends to use the net
proceeds from this offering to repay a portion of the outstanding
indebtedness under its commercial paper program and pay related
fees and expenses. Amounts repaid under such program may be
reborrowed in connection with redeeming or repaying other
outstanding indebtedness in the near term.
BofA Securities, Inc., Deutsche Bank Securities
Inc., Mizuho Securities USA LLC, SMBC Nikko Securities America,
Inc. and TD Securities (USA) LLC 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 more than 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. For more information on
Crown Castle, please visit www.crowncastle.com.
JOINT BOOK-RUNNING MANAGERS CONTACT
INFORMATION
BofA Securities, Inc. NC1-004-03-43200 North College Street, 3rd
FloorCharlotte, North Carolina 28255Attn: Prospectus Department
Email: dg.prospectus_requests@bofa.comDeutsche Bank Securities
Inc.1 Columbus Circle, 19th FloorNew York, New York 10019Attn:
General CounselToll Free: 1-800-503-4611Mizuho Securities USA
LLC1271 Avenue of the AmericasNew York, New York 10020Toll Free:
1-866-271-7403SMBC Nikko Securities America, Inc.277 Park Avenue
New York, New York 10172Attn: Debt Capital MarketsToll Free:
1-888-868-6856E-mail: prospectus@smbcnikko-si.comTD Securities
(USA) LLC1 Vanderbilt Avenue, 12th Floor New York, New York
10017Toll Free: 1-855-495-9846 |
CONTACTSDan Schlanger, CFOBen Lowe, SVP & TreasurerCrown
Castle International Corp.713-570-3050
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