Crown Castle To Offer Senior Notes

(Comment on this article at http://www.financialwire.net/2009/10/22/crown-castle-to-offer-senior-notes/)

October 22, 2009 (FinancialWire) -- Crown Castle International Corp. (NYSE: CCI) announced that it plans to commence a public offering of $500 million of senior notes.

The notes will be offered pursuant to an effective shelf registration filed with the Securities and Exchange Commission.

Crown Castle expects to use the net proceeds from the offering for general corporate purposes, which may include the repayment or repurchase of certain outstanding indebtedness of its subsidiaries.

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