8-KOther Events

CROWN CASTLE INC. 8-K Report (Mar 2, 2004)

Filed March 2, 2004For Securities:CCI

Summary

Crown Castle International Corp. (CCI) has filed a Form 8-K on March 2, 2004, to report a change in the timing of recognizing a significant loss. The company announced that a loss associated with the extinguishment of its 9% and 9.5% Senior Notes will now be recognized in the first quarter of 2004, rather than the fourth quarter of 2003 as previously planned. This reclassification is primarily an accounting adjustment and does not alter the overall financial impact of the debt extinguishment. Investors should note that this 8-K filing itself does not contain detailed financial statements but rather serves to inform the market about this reporting change. The full details and implications are expected to be elaborated in the company's subsequent financial filings, including the press release dated March 1, 2004, which is attached as an exhibit.

Key Highlights

  • 1Crown Castle International Corp. (CCI) is relocating the recognition of a loss from Q4 2003 to Q1 2004.
  • 2The loss pertains to the extinguishment of 9% and 9.5% Senior Notes.
  • 3This is an accounting and reporting adjustment, not a change in the fundamental financial event of debt extinguishment.
  • 4The filing includes a press release dated March 1, 2004, as Exhibit 99.1.
  • 5The report is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act, limiting liability for this specific disclosure.
  • 6The company explicitly states that the document contains forward-looking statements subject to risks and uncertainties.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that Crown Castle International Corp. has changed the reporting period for a loss related to the extinguishment of its 9% and 9.5% Senior Notes. This loss will now be recognized in the first quarter of 2004 instead of the fourth quarter of 2003.

No, this change primarily affects the timing of when the loss is recognized in the financial statements. The total financial impact of the debt extinguishment itself is not altered by this reclassification.

The press release dated March 1, 2004, which is attached as Exhibit 99.1 to this Form 8-K, is expected to contain more details. Investors should also refer to Crown Castle's subsequent SEC filings, such as their quarterly or annual reports, for comprehensive financial information.

This filing is primarily a disclosure of an accounting adjustment. While important for understanding reporting timelines, it does not introduce new operational or strategic financial information that would immediately impact investment decisions. The actual financial performance will be detailed in the company's earnings reports.