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Crown Castle Announces Proposed Offering of Senior Notes

Written by Customer Service on . Posted in Public Companies.

HOUSTON, June 04, 2020 (GLOBE NEWSWIRE) — 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, together with available cash, to redeem or repurchase all of its outstanding 3.400% Senior Notes due 2021, 2.250% Senior Notes due 2021 and 4.875% Senior Notes due 2022.
J.P. Morgan, Mizuho, SOCIETE GENERALE, SMBC Nikko, and TD Securities are the joint book-running managers of the offering.CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTSThis 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 CASTLECrown 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 INFORMATIONCONTACTS
Dan Schlanger, CFO
Ben Lowe, VP & Treasurer
Crown Castle International Corp.
713-570-3050

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