CROWN CASTLE INC. entered into Underwriting Agreement with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc., as Representatives for the several Underwriters valued at $750,000,000 aggregate principal amount of the Company's 5.600% Senior Notes due 2029 and $750,000,0 (effective 2023-12-04).
“On December 4, 2023, Crown Castle Inc. (“Company”) entered into an underwriting agreement (“Underwriting Agreement”) with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc., as Representatives for the several Underwriters (“Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $750,000,000 aggregate principal amount of the Company’s 5.600% Senior Notes due 2029 and $750,000,000 aggregate principal amount of the Company’s 5.800% Senior Notes due 2034 in a registered public offering”
Material Agreements
CROWN CASTLE INC. entered into Indenture Supplement with The Bank of New York Mellon (effective 2023-12-01).
“On December 1, 2023, Crown Castle Towers LLC (“Issuer Entity”) and certain of its wholly owned subsidiaries entered into an indenture supplement (“Indenture Supplement”) with the Bank of New York Mellon, as indenture trustee”
Christopher D. Levendos was appointed as Executive Vice President and Chief Operating Officer at CROWN CASTLE INC..
“appointing him, effective November 27, 2023, to oversee both operating segments in his new role as Executive Vice President and Chief Operating Officer.”
Earnings Releases
CROWN CASTLE INC. updated its Full Year 2024 guidance (initiated).
“Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the third quarter ended September 30, 2023 and issued its full year 2024 outlook, as reflected in the table below.”
Earnings Releases
CROWN CASTLE INC. reported financial results for third quarter ended September 30, 2023.
“On October 18, 2023, Crown Castle Inc. ("Company") issued a press release disclosing its financial results for the third quarter ended September 30, 2023.”
Daniel K. Schlanger departed as Executive Vice President and Chief Financial Officer at CROWN CASTLE INC..
“Daniel K. Schlanger will, effective March 31, 2024, depart Crown Castle Inc. ("Company").”
Catherine Piche resigned as Executive Vice President and Chief Operating Officer-Towers at CROWN CASTLE INC..
“Catherine Piche has resigned and ceased serving as the Company's Executive Vice President and Chief Operating Officer-Towers effective September 30, 2023.”
Christopher D. Levendos was appointed as Executive Vice President and Chief Operating Officer–Towers at CROWN CASTLE INC..
“Christopher D. Levendos, 55, will serve as interim Executive Vice President and Chief Operating Officer–Towers beginning as of October 1, 2023.”
Catherine Piche resigned as Executive Vice President and Chief Operating Officer–Towers at CROWN CASTLE INC..
“Ms. Piche has resigned from her position as Executive Vice President and Chief Operating Officer–Towers, effective September 30, 2023.”
Restructurings & Charges
CROWN CASTLE INC. announced a restructuring with charges of approximately $120 million affecting Towers segment and office space (approximately 15%).
“The Plan includes reducing the Company's total employee headcount by approximately 15%, discontinuing installation services as a product offering within the Towers segment while continuing to offer site development services (also referred to as pre-construction services) on Company towers, and consolidating office space. In connection with the Plan, the Company estimates it will incur aggregate restructuring and related charges of approximately $120 million, most of which the Company expects to incur in the third and fourth quarters of 2023.”
Maria M. Pope was appointed as Director at CROWN CASTLE INC..
“On July 21, 2023, the Board of Directors ( " Board " ) of Crown Castle Inc. ("Company") approved expanding the size of the Board and appointing Kevin T. Kabat and Maria M. Pope to fill the newly created vacancies on the Board, effective as of August 1, 2023 and September 1, 2023, respectively.”
Kevin T. Kabat was appointed as Director at CROWN CASTLE INC..
“On July 21, 2023, the Board of Directors ( " Board " ) of Crown Castle Inc. ("Company") approved expanding the size of the Board and appointing Kevin T. Kabat and Maria M. Pope to fill the newly created vacancies on the Board, effective as of August 1, 2023 and September 1, 2023, respectively.”
Earnings Releases
CROWN CASTLE INC. reported full year 2023 results: revenue $6,511, net income $1,581, EPS $3.64. Guidance lowered.
“Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the second quarter ended June 30, 2023 and updated its full year 2023 outlook, as reflected in the table below. (dollars in millions, except per share amounts) Current Full Year 2023 Outlook (a)(b) Full Year 2022 Actual % Change Previous Full Year 2023 Outlook (c) Current Compared to Previous Outlook Site rental revenues $6,511 $6,289 4% $6,511 —% Net income (loss) $1,581 $1,675 (6)% $1,636 (3)% Net income (loss) per share—diluted $3.64 $3.86 (6)% $3.76 (3)%”
Earnings Releases
CROWN CASTLE INC. reported financial results for second quarter ended June 30, 2023.
“On July 19, 2023, Crown Castle Inc. ("Company") issued a press release disclosing its financial results for the second quarter ended June 30, 2023.”
Governance Changes
CROWN CASTLE INC.: Amendment to Article IX of the Restated Certificate of Incorporation to provide for exculpation of certain officers (effective 2023-05-17).
“the Company's stockholders approved an amendment to Article IX of the Company's Restated Certificate of Incorporation, as amended ("Charter"), to provide for exculpation of certain officers to the fullest extent permitted by the Delaware General Corporation Law. The Company's Board of Directors previously approved the amendment to the Charter subject to stockholder approval. The Charter amendment became effective upon the filing of the Certificate of Amendment of the Charter with the Secretary of State of the State of Delaware on May 17, 2023.”
Shareholder Votes
CROWN CASTLE INC. shareholders approved Amendment to the Charter regarding officer exculpation at the 2023-05-17 meeting.
“4) An amendment to the Charter regarding officer exculpation: Votes For Votes Against Abstentions Broker Non-Votes 328,724,954 45,201,513 951,562 19,771,680”
Shareholder Votes
CROWN CASTLE INC. shareholders approved Non-binding, advisory vote to approve the compensation of the Company's named executive officers at the 2023-05-17 meeting.
“3) The non-binding, advisory vote to approve the compensation of the Company's named executive officers: Votes For Votes Against Abstentions Broker Non-Votes 359,358,776 15,201,242 318,011 19,771,680”
Shareholder Votes
CROWN CASTLE INC. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accountants for fiscal year 2023 at the 2023-05-17 meeting.
“2) The ratification of appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accountants for fiscal year 2023: Votes For Votes Against Abstentions Broker Non-Votes 390,807,369 3,714,085 128,255 0”
Shareholder Votes
CROWN CASTLE INC. shareholders approved Election of Directors at the 2023-05-17 meeting.
“1) Election of Directors: Name Votes For Votes Against Abstentions Broker Non-Votes P. Robert Bartolo 366,303,799 8,027,103 547,127 19,771,680 Jay A. Brown 372,849,148 1,822,779 206,102 19,771,680 Cindy Christy 366,782,143 7,890,735 205,151 19,771,680 Ari Q. Fitzgerald 359,648,090 14,997,493 232,446 19,771,680 Andrea J. Goldsmith 371,150,649 3,521,738 205,642 19,771,680 Tammy K. Jones 365,449,196 9,220,806 208,027 19,771,680 Anthony J. Melone 366,179,514 8,466,039 232,476 19,771,680 W. Benjamin Moreland 371,361,366 3,314,443 202,220 19,771,680 Kevin A. Stephens 372,401,765 2,242,870 233,394 19,771,680 Matthew Thornton, III 366,391,027 8,252,205 234,797 19,771,680”
Debt Financings
CROWN CASTLE INC. incurred senior notes of $750,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2033 with The Bank of New York Mellon Trust Company, N.A. at 5.100% per annum maturing May 1, 2033.
“and $750,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2033 (“2033 Notes,” together with the 2028 Notes, “Notes”)”
Debt Financings
CROWN CASTLE INC. incurred senior notes of $600,000,000 aggregate principal amount of the Company’s 4.800% Senior Notes due 2028 with The Bank of New York Mellon Trust Company, N.A. at 4.800% per annum maturing September 1, 2028.
“On April 26, 2023, Crown Castle Inc. (“Company”) closed its previously announced public offering (“Debt Offering”) of $600,000,000 aggregate principal amount of the Company’s 4.800% Senior Notes due 2028 (“2028 Notes”)”
Material Agreements
CROWN CASTLE INC. entered into Ninth Supplemental Indenture to the Base Indenture dated February 11, 2019 with The Bank of New York Mellon Trust Company, N.A. valued at $1,350,000,000 aggregate principal (4.800% Senior Notes due 2028 and 5.100% Senior Notes due 2033) (effective 2023-04-26).
“ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On April 26, 2023, Crown Castle Inc. ("Company") closed its previously announced public offering ("Debt Offering") of $600,000,000 aggregate principal amount of the Company's 4.800% Senior Notes due 2028 ("2028 Notes") and $750,000,000 aggregate principal amount of the Company's 5.100% Senior Notes due 2033 ("2033 Notes," together with the 2028 Notes, "Notes").”
Material Agreements
CROWN CASTLE INC. entered into Underwriting Agreement with Barclays Capital Inc., BofA Securities, Inc., Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC valued at $600,000,000 aggregate principal amount of the Company’s 4.800% Senior Notes due 2028 and $750,000,0 (effective 2023-04-24).
“On April 24, 2023, Crown Castle Inc. (“Company”) entered into an underwriting agreement (“Underwriting Agreement”) with Barclays Capital Inc., BofA Securities, Inc., Credit Agricole Securities (USA) Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and SG Americas Securities, LLC, as Representatives for the several Underwriters (“Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $600,000,000 aggregate principal amount of the Company’s 4.800% Senior Notes due 2028 and $750,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2033 in a registered public offering (“Offering”) pursuant to the Company’s shelf registration statement on Form S-3 (Registration File No. 333-254500).”
Earnings Releases
CROWN CASTLE INC. updated its the first quarter ended March 31, 2023 guidance (reaffirmed).
“On April 19, 2023, Crown Castle Inc. ("Company") issued a press release disclosing its financial results for the first quarter March 31, 2023.”
Earnings Releases
CROWN CASTLE INC. updated its fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).
“On January 25, 2023, Crown Castle Inc. ("Company") issued a press release disclosing its financial results for the fourth quarter and full year ended December 31, 2022.”
Material Agreements
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).
“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”).”
Material Agreements
CROWN CASTLE INC. entered into Underwriting Agreement with BNP Paribas Securities Corp., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC and Truist Securities, Inc., as Representatives for the several Underwriters valued at $1,000,000,000 aggregate principal amount (effective 2023-01-09).
“On January 9, 2023, Crown Castle Inc. (“Company”) entered into an underwriting agreement (“Underwriting Agreement”) with BNP Paribas Securities Corp., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC and Truist Securities, Inc., as Representatives for the several Underwriters (“Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $1,000,000,000 aggregate principal amount of the Company’s 5.000% Senior Notes due 2028 in a registered public offering (“Offering”) pursuant to the Company’s shelf registration statement on Form S-3 (Registration File No. 333-254500).”
Edward B. Adams, Jr. was appointed as interim General Counsel at CROWN CASTLE INC..
“Until a successor is identified and appointed, Edward B. Adams, Jr. will serve as interim General Counsel beginning as of January 1, 2023.”
Kenneth J. Simon departed as Executive Vice President and General Counsel at CROWN CASTLE INC..
“Kenneth J. Simon will, effective December 31, 2022, cease serving as Executive Vice President and General Counsel of Crown Castle Inc.”
Catherine Piche was appointed as Executive Vice President and Chief Operating Officer–Towers at CROWN CASTLE INC..
“the Board of Directors ("Board") of the Company appointed Catherine Piche as Executive Vice President and Chief Operating Officer–Towers, effective September 1, 2021”
Robert C. Ackerman resigned as Executive Vice President and Chief Operating Officer–Towers at CROWN CASTLE INC..
“Mr. Ackerman has resigned from his position as Executive Vice President and Chief Operating Officer–Towers, effective September 1, 2021”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.