E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/23/2007 in the Prospect News Bank Loan Daily.

Crown Castle new term loan to carry a minimum size of $600 million

By Sara Rosenberg

New York, Jan. 23 - Crown Castle Operating Co.'s proposed term loan must carry a minimum size of $600 million as a condition of the company's common shares repurchase agreement, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

Under the previously announced share repurchase plan, the company is buying 17.7 million of its common shares for $600 million in cash from Fortress Investment Funds, Greenhill Capital Partners, LLC and Abrams Capital, LLC.

The share repurchase is expected to close on Jan. 26.

Crown Castle is a Houston-based provider of broadcast, data and wireless communications infrastructure services.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.