Crown Castle Announces Proposed New Senior Unsecured Credit Facilities

HOUSTON, Jan. 11, 2016 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) announced today that it has received commitments from a group of lenders for a new $5.5 billion Senior Unsecured Credit Facility (“New Facility”), which is expected to consist of up to $3.5 billion of Senior Unsecured Revolving Credit Facilities and a $2.0 billion Senior Unsecured Term Loan A Facility.  The borrower under the New Facility will be Crown Castle International Corp.  The New Facility is subject to negotiation, execution and delivery of definitive loan documentation and customary closing conditions.  Crown Castle expects to close the New Facility prior to releasing its fourth...

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