Crown Castle Announces Pricing of Senior Notes Offering
09 Janeiro 2023 - 6:15PM
Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) announced today that
it has priced its previously announced public offering of 5.000%
Senior Notes due 2028 in aggregate principal amount of $1.0
billion. The Senior Notes due 2028 will have an interest rate of
5.000% per annum and will be issued at a price equal to 99.908% of
their face value to yield 5.021%.
The net proceeds from the offering are expected
to be approximately $990 million, after deducting the underwriting
discount and other estimated offering expenses payable by Crown
Castle. Crown Castle intends to use the net proceeds from this
offering to repay outstanding indebtedness under its existing
revolving credit facility and pay related fees and expenses.
BNP Paribas Securities Corp., J.P. Morgan
Securities LLC, MUFG Securities Americas Inc., PNC Capital Markets
LLC, RBC Capital Markets, LLC and Truist Securities, Inc. are the
joint book-running managers of the offering.
The offering is being made pursuant to Crown
Castle’s 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 net
proceeds therefrom and the use of such proceeds. 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 85,000 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
BNP Paribas Securities Corp.787
Seventh Avenue, 3rd FloorNew York, New York 10019Attention: Debt
SyndicateEmail: DL.US.Syndicate.Support@us.bnpparibas.comToll Free:
800-854-5674 |
J.P. Morgan Securities LLC383
Madison AvenueNew York, NY 10179Attention: Investment Grade
Syndicate DeskFacsimile: 212-834-6081Telephone: 1-212-834-4533 |
MUFG Securities Americas Inc.1221
Avenue of the Americas, 6th Floor New York, New York 10020 Attn:
Capital Markets Group Telephone: 212-405-7440Facsimile:
646-434-3455 |
PNC Capital Markets LLC300 Fifth
Avenue, 10th FloorPittsburgh, Pennsylvania 15222Toll Free:
1-855-881-0697 |
RBC Capital Markets,
LLCBrookfield Place200 Vesey Street, 8th FloorNew York, NY
10281Toll Free: 866-375-6829 |
Truist Securities, Inc.3333
Peachtree Road NE, 11th FloorAtlanta, Georgia 30326Telephone:
1-800-685-4786 |
CONTACTSDan Schlanger, CFOBen Lowe, SVP & TreasurerCrown
Castle Inc.713-570-3050
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