Crown Castle Launches $500 Mln Senior Notes Offering

(RTTNews) - Crown Castle International Corp. (CCI) said Tuesday that it is commencing a public offering of $500 million aggregate principal amount of senior notes due 2022.

The company said it expects to use the net proceeds from the offering, together with cash on hand, to purchase or redeem all of its outstanding 7.125% Senior Notes due 2019 and pay fees and expenses related to the foregoing.

Barclays, Credit Agricole CIB, BofA Merrill Lynch, TD Securities, RBC Capital Markets, RBS, SunTrust Robinson Humphrey, Morgan Stanley, J.P. Morgan, Mitsubishi UFJ Securities and Citigroup are the joint book-running managers of the offering.