Crown Castle Announces Pricing of Public Offering of Common Stock

HOUSTON, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has priced its previously announced public offering of 11,350,000 shares of its common stock. The gross proceeds from the offering are expected to be approximately $1.0 billion. Crown Castle intends to use the net proceeds from this offering for general corporate purposes, which may include the funding of acquisitions, including the recently announced acquisition of FPL FiberNet Holdings, LLC and certain other subsidiaries of NextEra Energy, Inc. (“FiberNet Transaction”), discretionary investments and the repayment or repurchase of outstanding indebtedness. This...

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