debt
confidence high
sentiment neutral
materiality 0.60
Crown Castle closes $1.25B senior notes offering ($550M 4.900% '29, $700M 5.200% '34)
CROWN CASTLE INC.
- Issued $550M 4.900% Senior Notes due 2029 and $700M 5.200% Senior Notes due 2034 on Aug 12, 2024.
- Net proceeds used to repay outstanding commercial paper and pay related fees and expenses.
- Notes are unsecured, rank equally with existing senior debt, junior to secured debt, structurally subordinated to subsidiary liabilities.
- Make-whole call: before Par Call Date at Treasury Rate + 20 bps; after Par Call Date at par.
- Holders can require repurchase at 101% upon Change of Control Triggering Event.