CROWN CASTLE INC. (CCI): debt financing — Crown Castle enters $4.5B unsecured revolving credit facility, maturing 2031

CROWN CASTLE INC.

New $4.5B unsecured revolving credit facility replaces prior credit agreement; includes $100M letter of credit subfacility.
Proceeds from fiber and small cells sale to Zayo/EQT used to repay all outstanding loans under old facility.
Pricing based on credit rating: Term SOFR loans range from 0.750% to 1.375%; commitment fees 0.080% to 0.200%.
Financial covenants: max total net debt/EBITDA 7.00x (adjustable to 7.50x post-qualified acquisitions), max senior secured debt/EBITDA 3.50x.
Maturity on May 1, 2031; no mandatory amortization; voluntary prepayment without premium.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CROWN CASTLE INC. incurred revolving credit of $4.5 billion with JPMorgan Chase Bank N.A. at Term SOFR plus 0.750% to 1.375% per annum maturing May 1, 2031.

Instrument: revolving credit
Principal: $4.5 billion
Counterparty: JPMorgan Chase Bank N.A.
Rate: Term SOFR plus 0.750% to 1.375% per annum
Maturity: May 1, 2031
Event: incurrence

Exact text from the filing

The New Credit Facility provides for an unsecured revolving credit facility having aggregate commitments of $4.5 billion and replaces the Existing Credit Agreement (as defined below).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CROWN CASTLE INC. entered into New Credit Facility with JPMorgan Chase Bank N.A., as administrative agent, and the lenders and issuing banks from time to time party thereto valued at $4.5 billion (effective 2026-05-01).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank N.A., as administrative agent, and the lenders and issuing banks from time to time party thereto
Value: $4.5 billion
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, Crown Castle Inc., a Delaware corporation ("Company"), entered into a credit agreement ("New Credit Facility") with the lenders and issuing banks from time to time party thereto and JPMorgan Chase Bank N.A., as administrative agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CROWN CASTLE INC. terminated Existing Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and issuing banks from time to time party thereto (effective 2026-05-01).

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and issuing banks from time to time party thereto
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, in connection with the effectiveness of the New Credit Facility, the Company terminated the commitments under the Credit Agreement dated as of January 21, 2016 (as amended, "Existing Credit Agreement"), among the Company, the lenders and issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

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41 debt financings filed in the last 30 days. Browse all debt financings →

CROWN CASTLE INC. filing history →

Source: SEC EDGAR

accession 0001051470-26-000055

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