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Crown Castle to repay term loan A borrowings, 2023 notes via new notes
By Taylor Fox
New York, Feb. 8 – Crown Castle International Corp. plans to repay a portion of the outstanding borrowings under its senior unsecured term loan A facility using proceeds from a public offering of one or more series of senior notes, according to a news release.
The company will also use the note proceeds to redeem or repurchase all of its outstanding 5¼% senior notes due 2023 and to repay a portion of the outstanding indebtedness under its commercial paper program as well as to pay related fees and expenses.
Houston-based Crown Castle provides shared wireless infrastructure to wireless carriers.
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