Crown Castle Announces Pricing of Senior Notes Offering

HOUSTON, Jan. 30, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has priced its previously announced public offering of 4.000% Senior Notes due 2027 in an aggregate principal amount of $500 million.  The notes will have an interest rate of 4.000% per annum and will be issued at a price equal to 99.578% of their face value to yield 4.051%. The net proceeds from the offering are expected to be approximately $493 million, after deducting the underwriting discount and other offering expenses payable by Crown Castle.  Crown Castle intends to use net proceeds from the offering to repay a portion of the outstanding borrowings under ...

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