|Crown Castle Announces Commencement of Offering of Senior Secured Notes by Certain Subsidiaries|
The Notes will be guaranteed by certain of CCL's direct and indirect subsidiaries. The Notes and the guarantees will be secured on a first priority basis by a pledge of the equity interests of the guarantors. The Notes will not be guaranteed by and will not constitute obligations of
CCL intends to use the net proceeds of this offering to complete a tender offer for any and all of its outstanding 7.750% Senior Secured Notes due 2017 (the "Existing Notes") and to redeem any Existing Notes that remain outstanding after the expiration of such tender offer. CCL anticipates distributing the remaining net proceeds to
The Notes will be offered in
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on