Crown Castle to repay revolver borrowings with proceeds from notes

By Sarah Lizee

Olympia, Wash., Aug. 1 – Crown Castle International Corp. plans to repay outstanding debt under its existing revolving credit facility using proceeds from a new offering of notes, according to a press release.

The company announced Thursday that it plans to offer senior notes due 2029 and 2049, subject to market conditions.

Proceeds from the new notes will also be used to repay outstanding debt under the company’s commercial paper program.

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

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