Crown Castle said it closed its public offering of $550,000,000 aggregate principal amount of its 4.900% Senior Notes due 2029 and $700,000,000 aggregate principal amount of its 5.200% Senior Notes due 2034 on August 12, 2024.

1. 01

   Crown Castle said it closed its public offering of $550,000,000 aggregate principal amount of its 4.900% Senior Notes due 2029 and $700,000,000 aggregate principal amount of its 5.200% Senior Notes due 2034 on August 12, 2024.

2. 02

   The company said it intends to use the net proceeds from the Debt Offering to repay a portion of its outstanding debt under its commercial paper program and to pay related fees and expenses.

3. 03

   The company said the Notes are senior unsecured obligations and rank effectively junior to secured debt to the extent of the value of the assets securing it, and are structurally subordinated to liabilities of its subsidiaries. Interest is payable semi-annually at 4.900% per year on the 2029 Notes and 5.200% per year on the 2034 Notes, from March 1, 2025, on March 1 and September 1.

4. 04

   The company said the 2029 Notes mature on September 1, 2029 and the 2034 Notes mature on September 1, 2034, and that before the Par Call Date it will redeem them at a price based on the present value of remaining payments at the Treasury Rate plus 20 basis points. Upon a Change of Control Triggering Event, holders may require the company to repurchase the Notes at 101% of principal plus unpaid interest.

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Original filing

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