form 8-K
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 6, 2010

Crown Castle International Corp.
(Exact name of registrant as specified in its charter)

         
Delaware   001-16441   76-0470458
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
1220 Augusta Drive
Suite 500
Houston, TX
  77057
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (713) 570-3000

 
 
(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

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ITEM 8.01 – OTHER EVENTS

On January 6, 2010, the Company issued a press release announcing that certain of its indirect subsidiaries have commenced a private offering of up to $1.9 billion of Senior Secured Tower Revenue Notes. The January 6 press release is attached as Exhibit 99.1 to this Form 8-K.

ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

     
Exhibit No.
  Description
99.1
  Press Release dated January 6, 2010

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CROWN CASTLE INTERNATIONAL CORP.

       
Date: January 6, 2010 By:  /s/ E. Blake Hawk  
    Name: E. Blake Hawk  
    Title: Executive Vice President  
    and General Counsel  

 

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EXHIBIT INDEX

     
Exhibit No.
  Description
99.1
  Press Release dated January 6, 2010

 

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Exhibit 99.1
Exhibit 99.1
(CROWN CASTLE INTERNATIONAL HEADER)
         
FOR IMMEDIATE RELEASE
  Contacts:   Jay Brown, CFO
Fiona McKone, VP — Finance
Crown Castle International Corp.
713-570-3050
CROWN CASTLE INTERNATIONAL ANNOUNCES
PROPOSED ADDITIONAL SECURITIZED NOTES
January 6, 2010 — HOUSTON, TEXAS — Crown Castle International Corp. (NYSE: CCI) announced today that certain of its indirect subsidiaries intend to offer, in a private transaction, up to $1.9 billion of Senior Secured Tower Revenue Notes (“Offered Notes”), as additional debt securities under the existing Indenture dated as of June 1, 2005 (“Indenture”), pursuant to which the Senior Secured Tower Revenue Notes, Series 2005-1 (“Series 2005-1 Notes”), and the Senior Secured Tower Revenue Notes, Series 2006-1, were issued. The subsidiaries expected to issue the Offered Notes are special purpose entities that are the current issuers under the Indenture and that hold over half of the U.S. and Puerto Rico towers of Crown Castle. Crown Castle expects that all of the Offered Notes will be rated investment grade. The servicing and repayment of the Offered Notes are expected to be made solely from the cash flow from the operation of the U.S. towers that are part of the transaction.
Crown Castle expects to use the net proceeds received from this offering, together with other cash, to repay in full the Series 2005-1 Notes, together with related prepayment premiums, fees and expenses. Crown Castle expects the offering of the Offered Notes to close on or about January 15, 2010.
(CROWN CASTLE INTERNATIONAL FOOTER)

 

 


 

News Release continued:
Page 2 of 2
This press release is not an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which any such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The notes will be offered to qualified institutional buyers under Rule 144A, to persons outside of the United States under Regulation S and to institutional investors that are Accredited Investors under Rule 501. The notes will not be registered under the Securities Act of 1933, as amended (“Securities Act”), or any state securities laws, and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
Crown Castle owns, operates, and leases towers and other communication structures for wireless communications. Crown Castle offers significant wireless communications coverage to 91 of the top 100 US markets and to substantially all of the Australian population. Crown Castle owns, operates and manages over 22,000 and approximately 1,600 wireless communication sites in the US and Australia, respectively. For more information on Crown Castle, please visit www.crowncastle.com.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on Crown Castle management’s current expectations. Such statements include, but are not limited to, plans, projections and estimates regarding (i) the proposed offering of the Offered Notes, including the dollar amount to be raised through such notes offering, (ii) the investment grade rating of the Offered Notes, (iii) the terms of the Offered Notes, including with respect to servicing and repayment and (iv) the use of proceeds from the Offered Notes. 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 Crown Castle’s results is included in our filings with the Securities and Exchange Commission.
(CROWN CASTLE INTERNATIONAL FOOTER)