Crown Castle to sell senior notes in two parts via five bookrunners

By Devika Patel

Knoxville, Tenn., Jan. 9 – Crown Castle International Corp. expects to price fixed-rate senior notes (BBB-) in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes, due in 2023 and 2028, feature a make-whole call until one month prior to maturity for the 2023 notes and until three months prior to maturity for the 2028 notes, and then par calls.

Citigroup Global Markets Inc., Credit Agricole CIB, RBC Capital Markets Corp., Societe Generale and TD Securities (USA) LLC are the bookrunners.

Proceeds will be used to repay in full the $1.25 billion of January 2010 senior secured tower revenue notes and a portion of the borrowings under the company’s revolver.

Houston-based Crown Castle provides shared wireless infrastructure to wireless carriers.

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