Crown Castle International Prices Debt Offering.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--June 22, 2000 Crown Castle International Corp. (Nasdaq:TWRS TWRS Tank Waste Remediation System TWRS True Wave Reduced Slope ) announced today that it priced $500 million of its 10.75% Senior Notes due 2011. This represents an increase over the proposed $250 million Senior Note offering previously announced. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering will be used to repay outstanding term loans incurred in connection with Crown Castle's acquisition of towers from GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Wireless and for other general corporate purposes. Closing of the offering is scheduled for Monday, June 26, 2000. A shelf registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the notes was previously declared effective by the Securities and Exchange Commission. The offering of the notes may be made only by means of a prospectus supplement. A copy of the prospectus supplement and related base prospectus may be obtained from Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. or Chase Securities Inc. Crown Castle International Corp. engineers, deploys, owns and operates technologically advanced shared wireless infrastructure, including extensive networks of towers and rooftops as well as analog and digital audio and television broadcast transmission systems. The company offers near-universal broadcast coverage in the United Kingdom and significant wireless communications coverage to 68 of the top 100 United States markets, more than 95 percent of the UK population and more than 92 percent of the Australian population. Pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma for all closed and previously announced transactions, Crown Castle International owns, operates and manages over 11,000 wireless communication towers internationally. For more information on Crown Castle International, visit: www.crowncastle.com. |
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