Crown Castle to redeem 5¼% notes due 2023, repay loans via new notes

By Taylor Fox

New York, Feb. 8 – Crown Castle International Corp. plans to redeem or repurchase all of its outstanding 5¼% senior notes due 2023, according to a news release.

The redemption will be funded using proceeds from a public offering of one or more series of senior notes.

The company will also use the note proceeds to repay a portion of the outstanding indebtedness under its commercial paper program and a portion of the outstanding borrowings under its senior unsecured term loan A facility as well as to pay related fees and expenses.

Houston-based Crown Castle provides shared wireless infrastructure to wireless carriers.

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