Crown Castle Announces Proposed Offering of Senior Notes
June 15 2021 - 7:36AM
Crown Castle International Corp. (NYSE: CCI) ("Crown Castle")
announced today that it is commencing a public offering 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 repay in full the Senior
Secured Tower Revenue Notes, Series 2015-1, Class C-2022, issued by
certain of Crown Castle’s subsidiaries, to repay outstanding
indebtedness under its commercial paper program, and to the extent
of any remaining balance of net proceeds, for general corporate
purposes.
BNP PARIBAS, Credit Agricole CIB, J.P. Morgan,
PNC Capital Markets LLC, and Truist 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 80,000 route miles of fiber
supporting small cells and fiber solutions across every major US
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
BNP Paribas Securities Corp.787 Seventh AvenueNew York, NY
10019Attention: Debt Syndicate DeskToll-Free: (800) 854-5674 |
Credit Agricole Securities (USA) Inc.1301 Avenue of the AmericasNew
York, NY 10019Attn: Fixed Income SyndicateToll-Free: (866)
807-6030 |
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|
J.P. Morgan Securities LLC 383 Madison Avenue, 3rd Floor New York,
NY 10179 Attn: Investment Grade Syndicate Desk Collect: (212)
834-4533 |
PNC Capital Markets LLC 300 Fifth Avenue, 10th Floor Pittsburgh, PA
15222 Attention To: Debt Capital Markets, Fixed Income Transaction
ExecutionTelephone: 1-855-881-0697 |
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Truist Securities, Inc.303 Peachtree StreetAtlanta, GA 30308Attn:
Prospectus DeptTelephone: 1-800-685-4786Email:
TSIDocs@Truist.com |
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CONTACTSDan Schlanger, CFOBen Lowe, VP & TreasurerCrown
Castle International Corp.713-570-3050
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