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Crown Castle International Raises $1.9 Billion in Senior Secured Tower Revenue Notes Offering.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON, May 26 /PRNewswire-FirstCall/ -- Crown Castle International Corp. announced today that it has priced $1.9 billion of Senior Secured Tower Revenue Notes, Series 2005-1 ("Notes"), that will be issued by certain of its indirect subsidiaries in a private transaction. The offering consists of five classes of Notes, which are expected to be rated investment grade. The weighted average interest rate on the various classes of Notes is approximately 4.89%. Further, all of the Notes have an expected life of five years with a...

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