Crown Castle International Corp. (CCI) said it priced $1.9 billion of Senior Secured Tower Revenue Notes which would be issued by certain of its indirect subsidiaries in a private transaction as additional debt securities under the existing Indenture dated as of June 1, 2005, pursuant to which the Senior Secured Tower Revenue Notes, Series 2005-1, and the Senior Secured Tower Revenue Notes, Series 2006-1, were issued.
The Offered Notes consist of three classes of Notes, all of which are expected to be rated investment grade. The Class C-2015 Notes consist of $300 million of 4.523% Notes and have an expected life of five years with a final maturity date in January 2035. The Class C-2017 Notes consist of $350 million of 5.495% Notes and have an expected life of seven years with a final maturity date in January 2037. The Class C-2020 Notes consist of $1.25 billion of 6.113% Notes and have an expected life of ten years with a final maturity date in January 2040. All of the Offered Notes were priced at par. The weighted average interest rate on the Notes is approximately 5.75%.
For comments and feedback: editorial@rttnews.com