8-KMaterial AgreementsOther EventsExhibits & Filings

CROWN CASTLE INC. 8-K Report, Material Agreement (Oct 22, 2009)

Filed October 22, 2009For Securities:CCI

Summary

Crown Castle International Corp. (CCI) filed an 8-K on October 22, 2009, to report on a significant financing transaction. The company entered into an Underwriting Agreement on October 20, 2009, with Barclays Capital Inc. and RBS Securities Inc. to sell $500 million of its 7.125% Senior Notes due 2019. This offering was conducted as a registered public offering under an existing shelf registration statement.

Key Highlights

  • 1Crown Castle International Corp. announced the pricing of a $500 million offering of 7.125% Senior Notes due 2019.
  • 2The offering was conducted through an Underwriting Agreement dated October 20, 2009.
  • 3Barclays Capital Inc. and RBS Securities Inc. acted as the representatives for the underwriters.
  • 4The notes are due in 2019, indicating a 10-year maturity from the offering date.
  • 5The transaction was structured as a registered public offering under a Form S-3 shelf registration statement filed earlier in 2009.
  • 6This filing serves to inform investors about a material definitive agreement related to the company's debt financing.
  • 7A press release announcing the pricing of the offering was also filed as an exhibit.

Frequently Asked Questions

This 8-K filing is to report the entry into a material definitive agreement concerning a debt offering, specifically the underwriting agreement for the sale of $500 million in senior notes, and to announce the pricing of this offering.

Crown Castle International Corp. is offering $500 million of 7.125% Senior Notes due 2019. These notes have a maturity of 10 years from the offering date and carry a fixed interest rate of 7.125%.

While this filing does not explicitly state the use of proceeds, debt issuances are typically used to fund operations, capital expenditures, acquisitions, refinance existing debt, or for general corporate purposes. Investors should refer to the company's other filings or investor relations materials for specific details on fund utilization.

The underwriters for this offering are Barclays Capital Inc. and RBS Securities Inc., acting as representatives for the group of underwriters.