Crown Castle Closes Public Offerings of Common Stock and Mandatory Convertible Preferred Stock

HOUSTON, July 26, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that it has closed its concurrent offerings of 40,150,000 shares of its common stock at $96.00 per share and 1,650,000 shares of its 6.875% Mandatory Convertible Preferred Stock, Series A, at $1,000.00 per share. The amounts sold include 3,650,000 shares of common stock and 150,000 shares of Mandatory Convertible Preferred Stock issued pursuant to the underwriters’ exercise of the overallotment options. The common stock offering and the Mandatory Convertible Preferred Stock offering generated net proceeds of approximately $3.755 billion and $1.606 billion, respectively,...

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