Crown Castle Announces Proposed Offering of Senior Notes
June 04 2020 - 8:40AM
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.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 a notice of redemption under the
optional redemption provisions of the indenture (and applicable
supplements thereto) governing Crown Castle’s outstanding 3.400%
Senior Notes due 2021, 2.250% Senior Notes due 2021 and 4.875%
Senior Notes due 2022. 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
J.P. Morgan Securities LLC 383
Madison Avenue, 3rd Floor New York, NY 10179 Attn: Investment Grade
Syndicate Desk Collect: (212) 834-4533 |
Mizuho Securities USA LLC1271
Avenue of the Americas, 3rd FloorNew York, NY 10020Attn: Investment
Grade Syndicate DeskToll-free: (866) 271-7403 |
SG Americas Securities, LLC245
Park AvenueNew York, NY 10167Attn: High Grade Syndicate
DeskToll-free: (800) 861-9789 |
SMBC Nikko Securities America,
Inc.277 Park AvenueNew York, NY 10172Attn: Debt Capital Markets
Toll Free: (888) 868-6856Email: prospectus@smbcnikko-si.com |
TD Securities (USA) LLC 31 West
52nd Street, 2nd Floor New York, NY 10019 Attn: Transaction
Management Group Toll-free: (855) 495-9846Email:
ustmg@tdsecurities.com |
|
CONTACTSDan Schlanger, CFOBen Lowe, VP & TreasurerCrown
Castle International Corp.713-570-3050
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