Crown Castle Announces Proposed Offering of Senior Notes
January 29 2019 - 8:36AM
Crown Castle International Corp. (NYSE: CCI) ("Crown Castle")
announced today that it is commencing a public offering of senior
notes due 2029 and senior notes due 2049, in each case 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 borrowings
under its existing revolving credit facility.
Barclays, J.P. Morgan, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, MUFG and TD Securities 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 65,000 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 |
|
|
|
|
|
Merrill Lynch, Pierce,
Fenner & Smith Incorporated, NC1-004-03-43 200 North College
Street, 3rd floor Charlotte NC 28255-0001 Attn: Prospectus
Department Email: dg.prospectus_requests@baml.com |
|
Barclays Capital Inc.
c/o Broadridge Financial Solutions 1155 Long Island Avenue
Edgewood, NY 11717 Toll-free: (888) 603-5847 Email:
barclaysprospectus@broadridge.com |
|
|
|
J.P. Morgan Securities
LLC 383 Madison Avenue, 3rd Floor New York, NY 10179 Attn:
Investment Grade Syndicate Desk Toll-free: 1-212-834-4533 |
|
MUFG Securities
Americas Inc. 1221 Avenue of the Americas, 6th Floor New York, NY
10020 Attn: Capital Markets Group Toll-free: 1-877-649-6848 |
|
|
|
TD Securities (USA) LLC
31 West 52nd Street, 2nd Floor New York, NY 10019 Attn: Debt
Capital Markets Syndicate Desk Toll-free: (855) 495-9846 |
|
|
|
|
|
CONTACTSDan Schlanger, CFOBen Lowe, VP &
TreasurerCrown Castle International Corp.713-570-3050
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Crown Castle (NYSE:CCI)
Historical Stock Chart
From Sep 2023 to Sep 2024