Crown Castle International extends revolver, term loan, adds sustainability thresholds

By Wendy Van Sickle

Columbus, Ohio, June 22 – Crown Castle International Corp. amended its credit agreement with JPMorgan Chase Bank, NA as administrative agent on Friday to extend the maturity date of the revolver and term loan by two years to June 18, 2026, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the amendment adjusts the interest rate spread and unused commitment fee in either direction depending on whether the company meets specified annual sustainability thresholds.

Further, the sublimit for letters of credit was doubled to $100 million, and some Libor transition provisions were added.

Houston-based Crown Castle provides shared wireless infrastructure to wireless carriers.

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