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): December 24, 2003
Crown Castle International Corp.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 001-16441 | 76-0470458 | ||
| (State or Other | (Commission File Number) | (IRS Employer Identification Number) | ||
| Jurisdiction of Incorporation) |
510 Bering Drive
Suite 500
Houston, TX 77057
(Address of Principal Executive Office)
Registrant’s telephone number, including area code: (713) 570-3000
This document includes “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Other than statements of historical fact, all statements regarding industry prospects, the consummation of the transactions described in this document and the Company’s expectations regarding the future performance of its businesses and its financial position are forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties.
| ITEM 5. | OTHER EVENTS AND REGULATION FD DISCLOSURE |
On December 24, 2003, following receipt by the Company of the requisite consents from the holders of each of its 10 3/8% Senior Discount Notes due 2011 (the “10 3/8% Notes”) and its 11 1/4% Senior Discount Notes due 2011 (the “11 1/4% Notes”, and, together with the 10 3/8% Notes, the “Notes”) obtained in connection with the Company’s tender offer and consent solicitation in respect of the Notes, the Company entered into a supplemental indenture to each of the indentures pursuant to which the Notes were issued.
The supplemental indentures are attached as Exhibit 4.1 and 4.2 to this Form 8-K.
| ITEM 7. | FINANCIAL STATEMENTS AND EXHIBITS |
| (c) | Exhibits |
| Exhibit No. |
Description | |
| 4.1 | Supplemental Indenture, dated as of December 24, 2003, between Crown Castle International Corp. and The Bank of New York, as Trustee, relating to the 10 3/8% Senior Discount Notes Due 2011 | |
| 4.2 | Supplemental Indenture, dated as of December 24, 2003, between Crown Castle International Corp. and The Bank of New York, as Trustee, relating to the 11 1/4% Senior Discount Notes Due 2011 | |
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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. | ||
| By: | /s/ E. Blake Hawk | |
| Name: |
E. Blake Hawk | |
| Title: |
Executive Vice President and General Counsel | |
Date: January 5, 2004
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EXHIBIT INDEX
| Exhibit No. |
Description | |
| 4.1 | Supplemental Indenture, dated as of December 24, 2003, between Crown Castle International Corp. and The Bank of New York, as Trustee, relating to the 10 3/8% Senior Discount Notes Due 2011 | |
| 4.2 | Supplemental Indenture, dated as of December 24, 2003, between Crown Castle International Corp. and The Bank of New York, as Trustee, relating to the 11 1/4% Senior Discount Notes Due 2011 | |
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Exhibit 4.1
CROWN CASTLE INTERNATIONAL CORP.
As Issuer
$449,125,000 aggregate principal amount at maturity
10 3/8% Senior Discount Notes due 2011
SUPPLEMENTAL INDENTURE
Dated as of December 24, 2003
Supplementing the Indenture dated as of May 17, 1999, between Crown Castle International
Corp., as Issuer, and The Bank of New York, as successor trustee to United States Trust
Company of New York, as Trustee
THE BANK OF NEW YORK
As Trustee
SUPPLEMENTAL INDENTURE dated as of December 24, 2003, between Crown Castle International Corp., a Delaware corporation (the “Company”), and The Bank of New York, as successor trustee to United States Trust Company of New York (the “Trustee”), as Trustee under the Indenture referred to herein.
WHEREAS the Company and the Trustee heretofore executed and delivered an Indenture dated as of May 17, 1999 (the “Indenture”), in respect of the Company’s $449.125 million aggregate principal amount at maturity of 10 3/8% Senior Discount Notes due 2011 (the “Securities”);
WHEREAS Section 9.02 of the Indenture provides that the Company and the Trustee may amend the Indenture with the consent of the Holders of at least a majority in aggregate principal amount at maturity of the Securities then outstanding;
WHEREAS, pursuant to the Offer to Purchase and Consent Solicitation Statement dated November 24, 2003 (as amended, supplemented or modified, the “Offer to Purchase”), the Company commenced a cash tender offer for any and all outstanding Securities and solicited the consents of the Holders of the Securities to amend certain provisions of the Indenture, as set forth in Article I hereof;
WHEREAS the Holders of a majority in aggregate principal amount of the Securities outstanding at maturity have consented to the amendments effected by this Supplemental Indenture; and
WHEREAS this Supplemental Indenture has been duly authorized by all necessary corporate action on the part of the Company.
NOW, THEREFORE, the Company and the Trustee agree as follows for the equal and ratable benefit of the Holders of the Securities:
ARTICLE I
Amendments
SECTION 1.01. Amendments to Articles 4 and 5. Effective upon the date hereof, each of Section 4.02 (Maintenance of Office or Agency), Section 4.03 (Reports), Section 4.04 (Compliance Certificate), Section 4.05 (Taxes), Section 4.06 (Stay, Extension and Usury Laws), Section 4.07 (Restricted Payments), Section 4.08 (Dividend and Other Payment Restrictions Affecting Subsidiaries), Section 4.09 (Incurrence of Indebtedness and Issuance of Preferred Stock), Section 4.10 (Asset Sales), Section 4.11 (Transactions with Affiliates), Section 4.12 (Liens), Section 4.13 (Business Activities), Section 4.14 (Corporate Existence), Section 4.15 (Offer to Repurchase Upon Change of Control), Section 4.16 (Sale and Leaseback Transactions), Section 4.17 (Limitation on Issuances and Sales of Capital Stock of Restricted Subsidiaries), Section 4.18 (Limitation on Issuances of Guarantees of Indebtedness) and Section 5.01 (Merger, Consolidation, or Sale of Assets) of the Indenture is hereby deleted in its entirety and replaced with the
phrase “[Intentionally Omitted]”. All references to such deleted sections are also hereby deleted in their entirety.
SECTION 1.02. Amendments to Article 6. Effective upon the date hereof, each of clauses (3), (4), (5), (6), (7) and (8) of Section 6.01 is hereby deleted in its entirety and replaced with the phrase “[Intentionally Omitted]”. All references to such deleted clauses are also hereby deleted in their entirety.
SECTION 1.03. Trustee’s Acceptance. The Trustee hereby accepts this Supplemental Indenture and agrees to perform the same under the terms and conditions set forth in the Indenture.
ARTICLE II
Miscellaneous
SECTION 2.01. Interpretation. Upon execution and delivery of this Supplemental Indenture, the Indenture shall be modified and amended in accordance with this Supplemental Indenture, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Supplemental Indenture will control. The Indenture, as modified and amended by this Supplemental Indenture, is hereby ratified and confirmed in all respects and shall bind every Holder of Securities. In case of conflict between the terms and conditions contained in the Securities and those contained in the Indenture, as modified and amended by this Supplemental Indenture, the provisions of the Indenture, as modified and amended by this Supplemental Indenture, shall control.
SECTION 2.02. Conflict with Trust Indenture Act. If any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of the TIA that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, the provision of the TIA shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Supplemental Indenture, as the case may be.
SECTION 2.03. Severability. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
SECTION 2.04. Terms Defined in the Indenture. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Indenture.
SECTION 2.05. Headings. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
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SECTION 2.06. Benefits of Supplemental Indenture, etc. Nothing in this Supplemental Indenture or the Securities, express or implied, shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental Indenture or the Securities.
SECTION 2.07. Successors. All agreements of the Company in this Supplemental Indenture shall bind its successors. All agreements of the Trustee in this Supplemental Indenture shall bind its successors.
SECTION 2.08. Trustee Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness.
SECTION 2.09. Certain Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.
SECTION 2.10. Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby.
SECTION 2.11. Counterpart Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
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IN WITNESS WHEREOF, each party hereto has caused this Supplemental Indenture to be signed by its officer thereunto duly authorized as of the date first written above.
| CROWN CASTLE INTERNATIONAL CORP., | ||||||
| by |
/s/ W. Benjamin Moreland | |||||
| Name: | W. Benjamin Moreland | |||||
| Title: | Senior Vice President and Chief Financial Officer | |||||
| THE BANK OF NEW YORK, as Trustee, | ||||||
| by |
/s/ Margaret M. Ciesmelewski | |||||
| Name: | Margaret M. Ciesmelewski | |||||
| Title: | Vice President | |||||
Exhibit 4.2
CROWN CASTLE INTERNATIONAL CORP.
As Issuer
$203,500,000 aggregate principal amount at maturity
11 1/4% Senior Discount Notes due 2011
SUPPLEMENTAL INDENTURE
Dated as of December 24, 2003
Supplementing the Indenture dated as of August 3, 1999, between Crown Castle International
Corp., as Issuer, and The Bank of New York, as successor trustee to United States Trust
Company of New York, as Trustee
THE BANK OF NEW YORK
As Trustee
SUPPLEMENTAL INDENTURE dated as of December 24, 2003, between Crown Castle International Corp., a Delaware corporation (the “Company”), and The Bank of New York, as successor trustee to United States Trust Company of New York (the “Trustee”), as Trustee under the Indenture referred to herein.
WHEREAS the Company and the Trustee heretofore executed and delivered an Indenture dated as of August 3, 1999 (the “Indenture”), in respect of the Company’s $203.5 million aggregate principal amount at maturity of 11¼% Senior Discount Notes due 2011 (the “Securities”);
WHEREAS Section 9.02 of the Indenture provides that the Company and the Trustee may amend the Indenture with the consent of the Holders of at least a majority in aggregate principal amount at maturity of the Securities then outstanding;
WHEREAS, pursuant to the Offer to Purchase and Consent Solicitation Statement dated November 24, 2003 (as amended, supplemented or modified, the “Offer to Purchase”), the Company commenced a cash tender offer for any and all outstanding Securities and solicited the consents of the Holders of the Securities to amend certain provisions of the Indenture, as set forth in Article I hereof;
WHEREAS the Holders of a majority in aggregate principal amount of the Securities outstanding at maturity have consented to the amendments effected by this Supplemental Indenture; and
WHEREAS this Supplemental Indenture has been duly authorized by all necessary corporate action on the part of the Company.
NOW, THEREFORE, the Company and the Trustee agree as follows for the equal and ratable benefit of the Holders of the Securities:
ARTICLE I
Amendments
SECTION 1.01. Amendments to Articles 4 and 5. Effective upon the date hereof, each of Section 4.02 (Maintenance of Office or Agency), Section 4.03 (Reports), Section 4.04 (Compliance Certificate), Section 4.05 (Taxes), Section 4.06 (Stay, Extension and Usury Laws), Section 4.07 (Restricted Payments), Section 4.08 (Dividend and Other Payment Restrictions Affecting Subsidiaries), Section 4.09 (Incurrence of Indebtedness and Issuance of Preferred Stock), Section 4.10 (Asset Sales), Section 4.11 (Transactions with Affiliates), Section 4.12 (Liens), Section 4.13 (Business Activities), Section 4.14 (Corporate Existence), Section 4.15 (Offer to Repurchase Upon Change of Control), Section 4.16 (Sale and Leaseback Transactions), Section 4.17 (Limitation on Issuances and Sales of Capital Stock of Restricted Subsidiaries), Section 4.18 (Limitation on Issuances of Guarantees of Indebtedness) and Section 5.01 (Merger, Consolidation, or Sale of Assets) of the Indenture is hereby deleted in its entirety and replaced with the
phrase “[Intentionally Omitted]”. All references to such deleted sections are also hereby deleted in their entirety.
SECTION 1.02. Amendments to Article 6. Effective upon the date hereof, each of clauses (3), (4), (5), (6), (7) and (8) of Section 6.01 is hereby deleted in its entirety and replaced with the phrase “[Intentionally Omitted]”. All references to such deleted clauses are also hereby deleted in their entirety.
SECTION 1.03. Trustee’s Acceptance. The Trustee hereby accepts this Supplemental Indenture and agrees to perform the same under the terms and conditions set forth in the Indenture.
ARTICLE II
Miscellaneous
SECTION 2.01. Interpretation. Upon execution and delivery of this Supplemental Indenture, the Indenture shall be modified and amended in accordance with this Supplemental Indenture, and all the terms and conditions of both shall be read together as though they constitute one instrument, except that, in case of conflict, the provisions of this Supplemental Indenture will control. The Indenture, as modified and amended by this Supplemental Indenture, is hereby ratified and confirmed in all respects and shall bind every Holder of Securities. In case of conflict between the terms and conditions contained in the Securities and those contained in the Indenture, as modified and amended by this Supplemental Indenture, the provisions of the Indenture, as modified and amended by this Supplemental Indenture, shall control.
SECTION 2.02. Conflict with Trust Indenture Act. If any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of the TIA that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, the provision of the TIA shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Supplemental Indenture, as the case may be.
SECTION 2.03. Severability. In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
SECTION 2.04. Terms Defined in the Indenture. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Indenture.
SECTION 2.05. Headings. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
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SECTION 2.06. Benefits of Supplemental Indenture, etc. Nothing in this Supplemental Indenture or the Securities, express or implied, shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental Indenture or the Securities.
SECTION 2.07. Successors. All agreements of the Company in this Supplemental Indenture shall bind its successors. All agreements of the Trustee in this Supplemental Indenture shall bind its successors.
SECTION 2.08. Trustee Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness.
SECTION 2.09. Certain Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.
SECTION 2.10. Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby.
SECTION 2.11. Counterpart Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
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IN WITNESS WHEREOF, each party hereto has caused this Supplemental Indenture to be signed by its officer thereunto duly authorized as of the date first written above.
| CROWN CASTLE INTERNATIONAL CORP., | ||||
| by |
/s/ W. Benjamin Moreland | |||
| Name: W. Benjamin Moreland | ||||
| Title: Senior Vice President and Chief Financial Officer | ||||
| THE BANK OF NEW YORK, as Trustee, | ||||
| by |
/s/ Margaret M. Ciesmelewski | |||
| Name: Margaret M. Ciesmelewski | ||||
| Title: Vice President | ||||