secwatch.observer — SEC 8-K summary
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Issuer:     CROWN CASTLE INC. (CCI)
CIK:        0001051470
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001193125-23-118560
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Castle closes $1.35B debt offering of 4.800% notes due 2028 and 5.100% notes due 2033
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- Issued $600M of 4.800% Senior Notes due Sept 2028 and $750M of 5.100% Senior Notes due May 2033.
- Net proceeds to repay outstanding borrowings under existing revolving credit facility and pay fees.
- Notes are senior unsecured obligations, ranking equally with other unsecured senior debt.
- Redemption prior to Par Call Date at Treasury Rate plus 20 bps (2028 notes) or 25 bps (2033 notes).
- Change of control triggering event allows holders to require repurchase at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051470/000119312523118560/0001193125-23-118560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051470/000119312523118560/d505236d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-118560

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