Crown Castle Announces Pricing of Senior Notes Offering

HOUSTON, Aug. 22, 2016 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has priced its previously announced public offering of 2.250% Senior Notes due 2021 in an aggregate principal amount of $700 million.  The notes will have an interest rate of 2.250% per annum and will be issued at a price equal to 99.972% of their face value to yield 2.256%. The net proceeds from the offering are expected to be approximately $692.6 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 in full the 2.381% Senior Secured Notes due 2...

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