8-KRegulation FDExhibits & Filings

CROWN CASTLE INC. 8-K Report, Regulation FD Disclosure (Nov 22, 2004)

Filed November 22, 2004For Securities:CCI

Summary

Crown Castle International Corp. (CCI) filed a Form 8-K on November 22, 2004, primarily to disclose unaudited pro forma condensed consolidated financial information. This information adjusts historical financial statements to reflect two significant events: the sale of its UK subsidiary, CCUK, to NGG Telecoms Investment Limited (an affiliate of National Grid Transco plc) on August 31, 2004, and the simultaneous repayment of its 2000 Credit Facility. The pro forma statements provide investors with a clearer view of the company's financial position and operations as if these transactions had occurred at the beginning of the reporting periods presented (January 1, 2003). This allows for a more accurate assessment of the company's ongoing business performance and financial structure post-divestiture and debt reduction.

Key Highlights

  • 1Disclosure of unaudited pro forma condensed consolidated financial information.
  • 2Reflects the sale of the UK subsidiary (CCUK) on August 31, 2004.
  • 3Includes the repayment of the company's 2000 Credit Facility.
  • 4Pro forma statements adjust historical data as if transactions occurred on January 1, 2003.
  • 5Aimed at providing investors with a clearer post-transaction financial picture.
  • 6The filing does not include audited financial statements but pro forma adjustments.

Frequently Asked Questions

The pro forma financial information reflects the sale of Crown Castle's UK subsidiary (CCUK) on August 31, 2004, and the simultaneous repayment of its 2000 Credit Facility.

Crown Castle is providing this pro forma information to show investors how the sale of its UK subsidiary and the repayment of its credit facility would have impacted its historical financial statements, allowing for a better understanding of the company's financial position and performance after these significant transactions.

Both the sale of the UK subsidiary and the repayment of the 2000 Credit Facility were completed contemporaneously on August 31, 2004.

No, the information provided in this Form 8-K and its exhibit is furnished and shall not be deemed 'filed' for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other filings, unless specifically stated otherwise.