Crown Castle issues $1B of 5.000% Senior Notes due 2028, proceeds to repay revolver

CROWN CASTLE INC.

Issued $1B aggregate principal of 5.000% Senior Notes due January 11, 2028.
Interest payable semi-annually on Jan 11 and Jul 11, beginning Jul 11, 2023.
Net proceeds to repay outstanding revolver borrowings and pay related fees.
Notes are senior unsecured, rank equally with existing unsecured debt.
Make-whole call at T+25 bps prior to Dec 11, 2027; thereafter callable at par.

Key facts

Extracted from this filing and checked against the source text.

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

CROWN CASTLE INC. entered into Eighth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $1,000,000,000 aggregate principal amount of 5.000% Senior Notes due 2028 (effective 2023-01-11).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $1,000,000,000 aggregate principal amount of 5.000% Senior Notes due 2028
Effective: 2023-01-11

Exact text from the filing

On January 11, 2023, Crown Castle Inc. (“Company”) closed its previously announced public offering (“Debt Offering”) of $1,000,000,000 aggregate principal amount of the Company’s 5.000% Senior Notes due 2028 (“Notes”).

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CROWN CASTLE INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-006491

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