Crown Castle International (CCI) prices $2.5 billion senior notes offering.
Crown Castle International Corp. (CCI) announced today that it has priced a three-part offering of senior unsecured notes. The offering includes:
A member of the S&P 500, Crown Castle International Corp. (CCI) is one of the largest owners of wireless cell tower properties in the U.S. with a managed portfolio of 40,000 towers and 80,000 miles of fiber supporting 65,000 infill cell units. As of March 31, 2020, Crown Castle had an enterprise value of approximately $80 billion.
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- $500 million 1.35% senior notes due 2025. The notes were priced at 99.736% to yield 1.404% or +100 basis points to the treasury curve.
- $1.1 billion 2.25% senior notes due 2031. The notes were priced at 99.830% to yield 2.268% or +145 basis points to the benchmark treasury.
- $900 million 3.25% senior notes due 2051. The notes were priced at a spread of +165 basis points to treasuries.
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A member of the S&P 500, Crown Castle International Corp. (CCI) is one of the largest owners of wireless cell tower properties in the U.S. with a managed portfolio of 40,000 towers and 80,000 miles of fiber supporting 65,000 infill cell units. As of March 31, 2020, Crown Castle had an enterprise value of approximately $80 billion.
06/04/2020