8-KMaterial AgreementsExhibits & Filings

CROWN CASTLE INC. 8-K Report, Material Agreement (Jun 10, 2011)

Filed June 10, 2011For Securities:CCI

Summary

Crown Castle International Corp. (CCI) filed an 8-K on June 10, 2011, to report an amendment to its existing Credit Agreement. This amendment, effective June 9, 2011, increased the aggregate revolving commitments available to its subsidiary, Crown Castle Operating Company, by $50 million. This brings the total aggregate revolving commitments under the Credit Agreement to $450 million. This action indicates a strengthening of the company's liquidity position and potentially its capacity for future investments or operational needs. Investors should view this as a positive development, suggesting increased financial flexibility and confidence from lenders in Crown Castle's creditworthiness. The details of the amendment are provided as an exhibit to this filing.

Key Highlights

  • 1Amendment to the existing Credit Agreement dated January 9, 2007, executed on June 9, 2011.
  • 2The amendment increases the aggregate revolving commitments by $50 million.
  • 3The total aggregate revolving commitments under the Credit Agreement are now $450 million.
  • 4The amendment involves Crown Castle International Corp. (Holdings), Crown Castle Operating Company (Borrower), and other subsidiaries.
  • 5The Royal Bank of Scotland plc remains the administrative agent.
  • 6This filing is classified under Item 1.01 (Entry into a Material Definitive Agreement).

Frequently Asked Questions

The main purpose of this 8-K filing is to report a material amendment to Crown Castle International Corp.'s Credit Agreement, specifically increasing the available revolving credit facility.

The amendment increased the aggregate revolving commitments by $50 million, bringing the total available under the credit agreement to $450 million.

The key parties involved are Crown Castle International Corp. (Holdings), its subsidiary Crown Castle Operating Company (Borrower), other named subsidiaries, the lenders, and The Royal Bank of Scotland plc as the administrative agent.

This increase suggests enhanced financial flexibility for Crown Castle, potentially to fund operations, acquisitions, or capital expenditures. It also reflects continued confidence from lenders in the company's financial standing.