Crown Castle Announces Proposed Offering of Senior Notes
February 08 2021 - 8:14AM
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 to redeem or repurchase all of its outstanding 5.250%
Senior Notes due 2023, repay a portion of the outstanding
indebtedness under its commercial paper program and a portion of
the outstanding borrowings under its Senior Unsecured Term Loan A
Facility, and pay fees and expenses related to the foregoing.
Barclays, BofA Securities, Inc., Citigroup,
MUFG, and RBC Capital Markets 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 governing Crown Castle’s outstanding 5.250% Senior Notes
due 2023. 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
Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long
Island Avenue Edgewood, NY 11717 Telephone: 1-888-603-5847Email:
barclaysprospectus@broadridge.com |
BofA Securities, Inc. NC1-004-03-43200 North College Street, 3rd
floorCharlotte NC 28255-0001Attn: Prospectus Department
Email: dg.prospectus_requests@bofa.com |
Citigroup Global Markets Inc.c/o
Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY
11717Telephone: 1-800-831-9146E-mail: prospectus@citi.com |
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor New York, NY 10020 Attn:
Capital Markets Group Telephone: 1-877-649-6848 |
RBC Capital Markets, LLC200 Vesey
Street, 8th FloorNew York, NY 10281Attn: Transaction
ManagementTelephone: 1-866-375-6829Facsimile: 212-658-6137E-Mail:
rbcnyfixedincomeprospectus@rbccm.com |
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CONTACTS Dan Schlanger, CFOBen Lowe, VP & TreasurerCrown
Castle International Corp.713-570-3050
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