|Crown Castle Announces Proposed New Credit Facility|
CCOC is in the process of seeking commitments from a group of lenders for the New Facility. The New Facility is subject to negotiation, execution and delivery of definitive loan documentation and various customary closing conditions.
The proceeds of the loans under the New Facility are expected to be used in part to repay CCOC's existing revolving credit facility (under which
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on our management's current expectations. Such statements include, but are not limited to plans, projections and estimates regarding the (i) terms of the proposed credit facilities, including amounts and maturities, (ii) use of proceeds from the proposed credit facilities and (iii) timing, completion, and drawdown dates with respect to the proposed credit facilities. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect
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