Crown Castle plans to pay down revolver borrowings with new notes

Chicago, Jan. 9 – Crown Castle International Corp. is planning to pay down its revolver borrowings on the credit facility that matures in 2027 with the proceeds from a new note sale, according to a 424B5 filing with the Securities and Exchange Commission.

The company said that it has a $7 billion revolver due 2027 with JPMorgan Chase Bank, NA as administrative agent. There is $1.3 billion of debt outstanding under the revolver and $5.7 billion of unused borrowing availability.

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

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