Crown Castle receives consents to amend senior secured tower revenue notes

By Laura Lutz

Des Moines, Sept. 21 - Crown Castle International Corp. said that the consent solicitation for its senior secured tower revenue series 2005-1 notes by some of its indirect U.S. subsidiaries was successfully completed.

The company had received consents from a majority of noteholders by the deadline on Sept. 20.

The consents allow the company to make its proposed amendments, including technical amendments related to administrative matters as well as possible future issues of notes series.

The company said it will pay a consent payment of $2.50 per $1,000 principal amount.

Morgan Stanley (800 624-1808 or call collect 212 761-1864) and Lehman Brothers (212 526-9660) are joint lead solicitation agents. MacKenzie Partners, Inc. is the information agent (800 322-2885 or call collect 212 929-5500).

Crown Castle is a Houston-based owner, operator and manager of wireless communications sites.

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