HOUSTON, Nov. 01, 2016 (GLOBE NEWSWIRE) -- 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 LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Attention: Prospectus Department
(866) 803-9204 |
|
|
|
|
|
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Attention: Prospectus Department
(800) 831-9146 |
Morgan Stanley & Co. LLC
180 Varick Street, 2nd Floor
New York, NY 10014
Attn: Prospectus Department
|
|
|
|
|
|
|
Contacts: Dan Schlanger, CFO |
Son Nguyen, VP & Treasurer |
Crown Castle International Corp. |
713-570-3050 |
![Primary Logo](https://resource.globenewswire.com/Resource/Download/0e7e143e-5cbc-4415-b7a0-15149bad28b9?size=1)
![](http://www.globenewswire.com/newsroom/ti?ndecode=MTg0IzY2MDA1Nzc=)