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Crown Castle International Corp (CCI.N)

CCI.N on New York Stock Exchange

101.60USD
21 Sep 2017
Change (% chg)

$-0.24 (-0.24%)
Prev Close
$101.84
Open
$101.71
Day's High
$102.28
Day's Low
$101.51
Volume
290,583
Avg. Vol
667,956
52-wk High
$108.87
52-wk Low
$79.38

Latest Key Developments (Source: Significant Developments)

Crown Castle increases revolving credit facility commitments to $3.5 bln
Tuesday, 29 Aug 2017 04:15pm EDT 

Aug 29 (Reuters) - Crown Castle International Corp :Crown Castle increases revolving credit facility commitments to $3.5 billion and extends maturity of existing facilities.Crown Castle International Corp - ‍increased commitments under its senior unsecured revolving credit facility by $1 billion​.Crown Castle International Corp - ‍ extended maturity date on its senior unsecured credit facility to August 29, 2022​.  Full Article

Crown Castle reports pricing of senior notes offering
Tuesday, 25 Jul 2017 05:09pm EDT 

July 25 (Reuters) - Crown Castle International Corp ::Crown Castle announces pricing of senior notes offering.Crown Castle -priced public offering of 3.200 pct senior notes due 2024, 3.650 pct senior notes due 2027, at $750 million and $1.0 billion, respectively.  Full Article

Crown Castle announces proposed offering of senior notes
Tuesday, 25 Jul 2017 08:42am EDT 

July 25 (Reuters) - Crown Castle International Corp ::Crown Castle announces proposed offering of senior notes.Crown Castle International Corp - ‍announced today that it is commencing a public offering of senior notes due 2024 and senior notes due 2027​.Crown Castle International Corp - intends to use net proceeds from this offering to finance its acquisition of LTS Group Holdings Llc.  Full Article

Crown Castle prices its offerings of common stock and mandatory convertible preferred stock
Friday, 21 Jul 2017 06:30am EDT 

July 21 (Reuters) - Crown Castle International Corp :Crown Castle announces pricing of public offerings of common stock and mandatory convertible preferred stock.Crown Castle International Corp - priced its concurrent offerings of 36,.5 million shares of its common stock at $96.00 per share.Crown Castle International-priced offerings 1.5 million shares of 6.875% mandatory convertible preferred stock, series a, at $1,000.00 per share.  Full Article

Crown Castle announces proposed public offerings of common stock
Wednesday, 19 Jul 2017 08:41am EDT 

July 19 (Reuters) - Crown Castle International Corp -:Crown Castle announces proposed public offerings of common stock and mandatory convertible preferred stock.Crown Castle International Corp - commencing offering of $3.25 billion of shares of its common stock​.Crown Castle International Corp says is commencing concurrent offerings of $1.5 billion of shares of its mandatory convertible preferred stock, series a.Crown Castle - to use proceeds from offerings, with proceeds from additional debt financing, to finance consideration to be paid for lightower deal.  Full Article

Crown Castle required to pay lightower a termination fee of $100 mln if merger terminates
Wednesday, 19 Jul 2017 06:44am EDT 

July 19 (Reuters) - Crown Castle International Corp ::Crown Castle says in event of merger termination, Crown Castle to be required to pay lightower a termination fee of $100 million .  Full Article

Crown castle international sees Q3 FFO in range of $404 mln to $409 mln
Wednesday, 19 Jul 2017 05:00am EDT 

July 19 (Reuters) - Crown Castle International Corp :Sees Q3 FFO in range of $404 million to $409 million .Crown castle reports second quarter 2017 results and updates outlook for full year 2017.Crown castle says in first year of ownership, Lightower is seen to contribute $850 million-$870 million in site rental, $163 million-$213 million in net income.Sees q3 affo in range of $447 million to $452 million .Crown castle international corp qtrly ffo $404.6 million.Crown castle says it would increase its annual common stock dividend rate between $0.15 and $0.20 per share to reflect deal.  Full Article

Crown Castle International says to acquire Lightower for about $7.1 bln in cash
Tuesday, 18 Jul 2017 05:14pm EDT 

July 18 (Reuters) - Crown Castle International Corp ::Crown Castle announces agreement to acquire Lightower.Crown Castle International Corp - deal for about $7.1 billion in cash.Crown Castle International Corp says expect transaction to be immediately accretive to AFFO per share and long-term dividend growth.Crown Castle International Corp - on a net income per share basis, transaction is expected to be modestly dilutive during first full year of ownership.Crown Castle International - following completion of transaction, Crown Castle will own or have rights to approximately 60,000 route miles of fiber.Crown Castle-intends to finance deal consistent with maintaining current investment grade credit metrics, utilizing cash on hand, equity, debt financing.Crown Castle International Corp - after deal closes, anticipates it will increase its annual common stock dividend rate between $0.15 and $0.20 per share.Crown Castle International - In first full year of co's ownership, co sees lightower contributing $465 million to $485 million in AFFO before financing costs.Crown Castle International - In first full year of co's ownership, Lightower to contribute $850 million-$870 million in site rental revenues.Crown Castle International says intends to finance transaction utilizing cash on hand, equity and debt financing.Crown Castle International - in first full year of crown castle's ownership, co expects lightower will contribute $510 million to $530 million in adjusted ebitda.  Full Article

Crown Castle announces pricing of senior notes offering
Wednesday, 26 Apr 2017 04:15pm EDT 

April 26 (Reuters) - Crown Castle International Corp :Crown Castle International -priced its previously announced public offering of 4.750% senior notes due 2047 in an aggregate principal amount of $350 million.Crown Castle announces pricing of senior notes offering.Crown Castle International Corp says notes will be issued at a price equal to 99.207% of their face value to yield 4.800%.  Full Article

Crown Castle announces pricing of public offering of common stock
Wednesday, 26 Apr 2017 08:26am EDT 

April 26 (Reuters) - Crown Castle International Corp ::Crown Castle announces pricing of public offering of common stock.Says offering 4.75 million common shares.Crown Castle International Corp - priced its previously announced public offering of 4.75 million shares of its common stock.Crown Castle International Corp - gross proceeds from offering are expected to be approximately $447 million.  Full Article