Crown Castle International to Pursue Debt Offering.Business Editors HOUSTON--(BUSINESS WIRE)--June 16, 2000 Crown Castle International Corp. (Nasdaq:TWRS TWRS Tank Waste Remediation System TWRS True Wave Reduced Slope ) announced today that it intends to promptly commence an offering of $250,000,000 of Senior Notes due 2011. The notes will be issued pursuant to Crown Castle's shelf registration statement previously filed with the Securities and Exchange Commission and declared effective in July 1999. 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 a portion of 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. Crown Castle 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 wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. coverage to 68 of the top 100 United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 owns, operates and manages over 11,000 wireless communication towers internationally. For more information on Crown Castle, visit: www.crowncastle.com. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES FOR SALE. A SHELF REGISTRATION STATEMENT RELATING TO THE FOREGOING HAS PREVIOUSLY BEEN FILED AND DECLARED EFFECTIVE. ANY OFFER, IF AT ALL, WILL BE MADE ONLY BY MEANS OF A PROSPECTUS SUPPLEMENT FORMING A PART OF SUCH REGISTRATION STATEMENT. |
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