HOUSTON, April 26, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”)
announced today that it has priced its previously announced public offering of 4,750,000 shares of its common stock.
The gross proceeds from the offering are expected to be approximately $447 million. Crown Castle intends to use
the net proceeds from this offering for general corporate purposes, which may include the funding of acquisitions, including the
proposed acquisition of Wilcon Holdings LLC (“Wilcon Acquisition”), discretionary investments and the repayment or repurchase of
outstanding indebtedness. This offering is not contingent upon the consummation of the Wilcon Acquisition.
Barclays, RBC Capital Markets, Citigroup and J.P. Morgan are acting as underwriters for the offering
(“Underwriters”). The Underwriters may offer the shares of common stock from time to time in one or more transactions on the New
York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at
the time of sale or at negotiated prices. The last reported sale price of Crown Castle’s common stock on April 25, 2017 was
$94.27 per share.
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 net
proceeds therefrom and the use of such proceeds. 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
Barclays Capital Inc.,
1155 Long Island Avenue, Edgewood, NY 11717
Attn: Broadridge Financial Solutions
Toll-free: 1-888-603-5847
Barclaysprospectus@broadridge.com
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RBC Capital Markets LLC,
200 Vesey Street, 8th Floor, New York, NY 10281-8098
Attn: Equity Syndicate
Toll-free: 1-877-822-4089
Equityprospectus@rbccm.com
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Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions,
1155 Long Island Avenue,
Edgewood, NY 11717
(Tel: 800-831-9146) |
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J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue, Edgewood, NY 11717
Attn: Prospectus Department
Toll-free: 1-866-803-9204 |
Contacts: |
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Dan Schlanger, CFO |
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Son Nguyen, VP & Treasurer |
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Crown Castle International Corp. |
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713-570-3050 |
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