Crown Castle Announces Proposed Offering of Senior Notes
April 28 2016 - 11:46AM
Crown Castle International Corp. (NYSE:CCI) ("Crown Castle")
announced today that it is commencing a public offering of 3.400%
Senior Notes due 2021 and Senior Notes due 2026, in each case
subject to market and other conditions. The 3.400% Senior
Notes will be issued as additional notes under the same indenture
as Crown Castle’s 3.400% Senior Notes due 2021 that were originally
issued on February 8, 2016 and, as such, will form a single series
with, have the same terms as, and trade interchangeably with, such
previously issued notes. Crown Castle’s offering of Senior
Notes due 2026 will be a new issuance. Crown Castle expects
to use net proceeds from the offering, together with cash on hand,
to repay in full the Senior Secured Tower Revenue Notes, Series
2010-2, Class C-2017 and Series 2010-5, Class C-2017, each issued
by certain of its subsidiaries.
Barclays, Credit Agricole CIB, Morgan Stanley,
SunTrust Robinson Humphrey and TD Securities are the joint
book-running managers of the offering.
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 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 Securities
and Exchange Commission. The term "including," and any
variation thereof, means "including, without limitation."
ABOUT CROWN CASTLE
Crown Castle provides wireless carriers with the
infrastructure they need to keep people connected and businesses
running. With approximately 40,000 towers and 16,500 miles of
fiber supporting small cells, Crown Castle is the nation's largest
provider of shared wireless infrastructure with a significant
presence in the top 100 US markets.
JOINT BOOK-RUNNING MANAGERS CONTACT
INFORMATION
Barclays Capital Inc., 1155 Long Island Avenue,
Edgewood, NY 11717 Attn: Broadridge Financial Solutions Toll-free:
(888) 603-5847 E-mail: barclaysprospectus@broadridge.com |
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Credit Agricole Securities (USA) Inc. 1301 Avenue
of the Americas New York, NY 10019 Attn: Fixed Income Syndicate
Toll-free: 866-807-6030 |
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Morgan Stanley & Co. LLC 180 Varick Street
New York, New York 10014 Attn: Prospectus Department Toll-free:
(866) 718-1649 |
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SunTrust Robinson Humphrey, Inc. 3333 Peachtree
Road NE Atlanta, GA 30326 Attn: Prospectus Department Toll-free:
(800) 685-4786 |
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TD Securities (USA) LLC 31 W. 52nd Street, 2nd
Floor New York, NY 10019 Attn: Debt Capital Markets Toll-free:
(855) 495-9846 |
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Contacts: |
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Jay Brown, CFO |
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Son Nguyen, VP - Corporate
Finance |
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Crown Castle International
Corp. |
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713-570-3050 |
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