TMCnet News
Crown Castle Announces Pricing of Senior Notes OfferingHOUSTON, April 26, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has priced its previously announced public offering of 4.750% Senior Notes due 2047 in an aggregate principal amount of $350 million. The notes will have an interest rate of 4.750% per annum and will be issued at a price equal to 99.207% of their face value to yield 4.800%. The net proceeds from the offering are expected to be approximately $341 million, after deducting the underwriting discount and other offering expenses payable by Crown Castle. Crown Castle intends to use the net proceeds from this offering for general corporate purposes, which may include the funding of acquisitions, including the proposed acquisition of Wilcon Holdings LLC (“Wilcon Acquisition”), discretionary investments and the repayment or repurchase of outstanding indebtedness. This offering is not contingent upon the consummation of the Wilcon Acquisition. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Agricole CIB, J.P. Morgan, Morgan Stanley and SunTrust Robinson Humphrey 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 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 ABOUT CROWN CASTLE JOINT BOOK-RUNNING MANAGERS CONTACT INFORMATION
|