Crown Castle International Corp (CCI.N) Key Developments | Reuters.com
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Crown Castle International Corp (CCI.N)

CCI.N on New York Stock Exchange

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1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Crown Castle International Corp announces pricing of senior notes offering
Tuesday, 26 Apr 2016 04:49pm EDT 

Crown Castle International Corp:Priced its previously announced public offering of 3.400% Senior Notes due 2021 and 3.700% Senior Notes due 2026, in aggregate principal amounts of $250 million and $750 million, respectively.The Senior Notes due 2021 will have an interest rate of 3.400% per annum and will be issued at a price equal to 102.637% of their face value to yield 2.796%.The Senior Notes due 2026 will have an interest rate of 3.700% per annum and will be issued at a price equal to 99.695% of their face value to yield 3.736%.The net proceeds from the offering are expected to be approximately $1.0 billion, after deducting underwriting discounts and commissions and other offering expenses payable by Crown Castle.Crown Castle intends to use net proceeds from offering to repay in full Senior Secured Tower Revenue Notes, each issued by certain of its subsidiaries, and to repay a portion of outstanding borrowings under the senior unsecured revolving credit facility.Barclays, Credit Agricole CIB, Morgan Stanley, SunTrust Robinson Humphrey and TD Securities are the joint book-running managers of the offering.  Full Article

Crown Castle International Corp announces acquisition of Tower Development Corporation
Friday, 8 Apr 2016 04:15pm EDT 

Crown Castle International Corp:Says acquired Tower Development Corporation for about $461 mln in cash on April 8, 2016.Says transaction is expected to contribute about $25 to $27 mln to site rental gross margin in the first full year of Crown Castle's ownership.Says Co funded the acquisition with available cash, including cash on hand, cash from borrowings under its revolving credit facility and cash from the sale of about 3.5 mln net shares of common stock at an average price of $85.52 per share year-to-date.  Full Article

Crown Castle International appoints new CFO
Wednesday, 9 Mar 2016 04:15pm EST 

Crown Castle International:Appointed Daniel Schlanger as Chief Financial Officer, effective June 1, 2016.  Full Article

Crown Castle International Corp declares quarterly common stock dividend
Thursday, 18 Feb 2016 05:00pm EST 

Crown Castle International Corp:Board of Directors has declared a quarterly cash dividend of $0.885 per common share.Quarterly dividend will be payable on March 31 to common stockholders of record date as on March 18.  Full Article

Crown Castle International Corp announces proposed offering of senior notes
Thursday, 28 Jan 2016 09:11am EST 

Crown Castle International Corp:Announces that it is commencing a public offering of senior notes due 2021 and 2026, subject to market and other conditions.Expects to use net proceeds from the offering to repay a portion of the outstanding borrowings under its $5.5 billion Senior Unsecured Credit Facility.  Full Article

Crown Castle says change of CEO
Wednesday, 27 Jan 2016 04:15pm EST 

Crown Castle International Corp:Says effective June 1, 2016, Jay Brown will become President and Chief Executive Officer.  Full Article

Crown Castle International Corp declares quarterly common stock dividend
Thursday, 22 Oct 2015 04:16pm EDT 

Crown Castle International Corp:Declared a quarterly cash dividend of $0.885 per common share.Dividend will be payable on December 31, 2015 to common stockholders of record at the close of business on December 18, 2015.  Full Article

Crown Castle International Corp gives FY 2016 AFFO guidance
Wednesday, 21 Oct 2015 04:16pm EDT 

Crown Castle International Corp:Provides midpoint FY 2016 Outlook for AFFO per share of $4.66, representing year-over-year growth of 8%.FY 2016 AFFO of $4.51 - Thomson Reuters I/B/E/S.  Full Article

Crown Castle International Corp declares quarterly preferred stock dividend
Thursday, 24 Sep 2015 04:02pm EDT 

Crown Castle International Corp:Quarterly dividend on its 4.50% Mandatory Convertible Preferred Stock will be paid on Nov.2 to holders of record on Oct. 15.Payable in cash at a rate of $1.125 per share of Preferred Stock.  Full Article

Crown Castle International Corp declares quarterly dividend
Tuesday, 23 Jun 2015 04:02pm EDT 

Crown Castle International Corp:Declares quarterly dividend on its 4.50 pct Mandatory Convertible Preferred Stock.Payable on July 15.  Full Article