Crown Castle to pay down some revolver borrowings with note proceeds

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Crown Castle International Corp. plans to repay a portion of the outstanding borrowings under its senior revolving credit facility with the proceeds of a new issue of 10-year fixed-rate senior notes, according to a company news release.

Barclays, J.P. Morgan Securities LLC, Mizuho Securities USA Inc., RBC Capital Markets Corp. and TD Securities (USA) LLC are the bookrunners for the offering.

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

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