Crown Castle to offer senior notes in two tranches via six bookrunners

By Mary-Katherine Stinson

Lexington, Ky., April 24 – Crown Castle Inc. intends to offer senior notes in two tranches, according to an 424B5 filed with the Securities and Exchange Commission.

The notes will feature make-whole call options until some months before maturity and after certain dates are callable at par.

The notes will be putable at 101 if there is a change of control.

Bank of New York Mellon Trust Co., NA is the trustee.

Barclays, BofA Securities, Inc., Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC are the joint bookrunners.

Bank of New York Mellon Trust Co. will be the trustee.

Cravath, Swaine & Moore LLP is acting as counsel for Crown Castle. Skadden, Arps, Slate, Meagher & Flom LLP is advising the bookrunners.

Proceeds will be used to repay outstanding debt under the company’s revolver and, if any proceeds remain, to repay a portion of debt under the company’s commercial paper program.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.