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TMCNet:  Crown Castle reports early settlement results of cash tender offer for 9% senior notes

[December 27, 2012]

Crown Castle reports early settlement results of cash tender offer for 9% senior notes

Dec 27, 2012 (TELECOMWORLDWIRE via COMTEX) -- Crown Castle International Corp. (NYSE: CCI) reported in its early settlement results of its cash tender offer for its outstanding 9.00% senior notes due 2015 that it had accepted for purchase approximately $515,458,000 aggregate principal amount.



Acceptance of the notes for purchase on the early tender date was subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase and the related Letter of Transmittal.

Holders who validly tendered their 9% notes will receive total consideration of $1,062.30 per $1,000 principal amount of 9% notes (plus accrued and unpaid interest), which includes the "early tender premium" of $30.00.

Holders who validly tender their 9% notes after the early tender date but on or prior to 11: 59 p.m. on January 9, 2013, will be eligible to receive total consideration of $1,032.30 per $1,000 principal amount of 9% notes (plus accrued and unpaid interest), which does not include the early tender premium. Any 9% notes tendered after the early tender date may not be withdrawn.

Crown Castle has retained Morgan Stanley & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. to serve as the dealer managers.

Crown Castle owns, operates and leases towers and other infrastructure for wireless communications. Crown Castle offers significant wireless communications coverage to 92 of the top 100 US markets and to substantially all of the Australian population. Crown Castle owns, operates and manages approximately 30,000 and 1,700 wireless communication sites in the US and Australia, respectively. For more information on Crown Castle, visit www.crowncastle.com.

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