8-KMaterial AgreementsExhibits & Filings

CROWN CASTLE INC. 8-K Report, Material Agreement (Jan 10, 2008)

Filed January 10, 2008For Securities:CCI

Summary

Crown Castle International Corp. (CCI) has filed an 8-K report detailing a material definitive agreement. Specifically, on January 8, 2008, the company's subsidiary, Crown Castle Operating Company, entered into an Extension Agreement to extend the maturity date of its revolving credit facility. This extension shifts the maturity from January 8, 2008, to January 6, 2009. The Extension Agreement was made pursuant to the existing Credit Agreement dated January 9, 2007, and involves the Borrower, Crown Castle International Corp. and certain subsidiaries, the revolving lenders, and The Royal Bank of Scotland plc as administrative agent. This action provides the company with an additional year of access to its revolving credit facility, offering greater financial flexibility and stability in the short to medium term.

Key Highlights

  • 1Crown Castle Operating Company extended the maturity date of its revolving credit facility.
  • 2The maturity date was extended from January 8, 2008, to January 6, 2009.
  • 3The extension was formalized through an Extension Agreement dated December 15, 2007.
  • 4The revolving credit facility is governed by the existing Credit Agreement from January 9, 2007.
  • 5The Royal Bank of Scotland plc serves as the administrative agent for the credit facility.
  • 6This extension enhances the company's liquidity and financial planning horizon by one year.

Frequently Asked Questions

This 8-K filing is to report the entry into a material definitive agreement, specifically an extension of the maturity date for Crown Castle's revolving credit facility.

The extension effectively pushes the repayment deadline for the revolving credit facility by one year, from January 8, 2008, to January 6, 2009. This provides the company with additional time to manage its debt and operational financing needs.

The key parties include Crown Castle Operating Company (the Borrower), Crown Castle International Corp. and certain subsidiaries, the revolving lenders party to the agreement, and The Royal Bank of Scotland plc as the administrative agent.

The filing primarily announces the extension of the maturity date. While the Extension Agreement is referenced, details on other potential changes to terms, such as interest rates or covenants, are not explicitly provided in this summary. Investors would need to review the full Exhibit 10.1 for complete details.