Crown Castle Announces Pricing of Senior Notes Offering

HOUSTON, Jan. 28, 2016 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has priced its previously announced public offering of senior notes due 2021 and 2026, in aggregate principal amounts of $600 million and $900 million, respectively. The 2021 notes will have an interest rate of 3.400% per annum and will be issued at a price equal to 99.977% of their face value. The 2026 notes will have an interest rate of 4.450% per annum and will be issued at a price equal to 99.671% of their face value. The net proceeds from the offering are expected to be approximately $1,486.9 million, after deducting underwriting discounts and commissions a...

Read full article here.