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CCI Crown Castle Inc

93.73
-0.48 (-0.51%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Crown Castle Inc NYSE:CCI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.48 -0.51% 93.73 95.41 93.50 94.37 2,696,762 01:00:00

Crown Castle Announces Proposed Public Offering of Common Stock

01/11/2016 8:26pm

GlobeNewswire Inc.


Crown Castle (NYSE:CCI)
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Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) announced today that it is commencing an offering of 11,350,000 shares of its common stock in a registered public offering, subject to market and other conditions.  Crown Castle intends to use the net proceeds from this offering for general corporate purposes, which may include the funding of acquisitions, including the recently announced acquisition of FPL FiberNet Holdings, LLC and certain other subsidiaries of NextEra Energy, Inc. (“FiberNet Transaction”),  discretionary investments and the repayment or repurchase of outstanding indebtedness.  This offering is not contingent upon the consummation of the FiberNet Transaction.

J.P. Morgan, Citigroup and Morgan Stanley are acting as underwriters in connection with the offering.

The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”). The offering will be made only by means of a prospectus supplement and the accompanying base prospectus, copies of which may be obtained by contacting the underwriters using the information provided below. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is also available on the SEC’s website, www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on Crown Castle management’s current expectations. Such statements include plans, projections and estimates regarding the proposed offering, including the use of proceeds therefrom. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Crown Castle and its results is included in Crown Castle’s filings with the SEC. The term “including,” and any variation thereof, means “including, without limitation.”

UNDERWRITER CONTACT INFORMATION

J.P. Morgan Securities LLCc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Attention: Prospectus Department(866) 803-9204     Citigroup Global Markets Inc.c/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Attention: Prospectus Department(800) 831-9146
 Morgan Stanley & Co. LLC180 Varick Street, 2nd FloorNew York, NY 10014Attn: Prospectus Department       
Contacts: Dan Schlanger, CFO
Son Nguyen, VP & Treasurer
Crown Castle International Corp.
713-570-3050

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