Crown Castle Completes New $5.5 Billion Credit Facility

HOUSTON, Jan. 21, 2016 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) announced today that it has completed a new $5.5 billion Senior Unsecured Credit Facility (“New Facility”), consisting of a $2.5 billion Senior Unsecured Revolving Credit Facility (“Revolver”) maturing on January 21, 2021, a $1.0 billion Senior Unsecured 364-Day Revolving Credit Facility (“364-Day Facility”) maturing on January 19, 2017, and a $2.0 billion Senior Unsecured Term Loan A Facility (“Term Loan A”) maturing on January 21, 2021.  The 364-Day Facility and Term Loan A were fully drawn at closing, and $855 million was drawn on the Revolver at closing.  At closing, there was approx...

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