Crown Castle Raises Additional Term Loans and Extends Maturity of Existing Facilities

HOUSTON, Feb. 13, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) today announced that it borrowed $500 million of additional Tranche A Term Loans (“Additional Term Loans”) and extended the maturity date to January 21, 2022 on its Senior Unsecured Credit Facility (“Credit Facility”). The Credit Facility consists of a $2.5 billion Senior Unsecured Revolving Credit Facility (“Revolver”) and, after giving effect to the incurrence of the Additional Term Loans, a $2.5 billion Senior Unsecured Term Loan A Facility.  The proceeds of the Additional Term Loans were used to repay outstanding borrowings under the Revolver. At closing, there was approximately $2.4...

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