Crown Castle Receives Commitment for New $1.2 Billion Credit Facility.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--Jan. 25, 2000 Crown Castle International Corp. (Nasdaq:TWRS TWRS Tank Waste Remediation System TWRS True Wave Reduced Slope ) today announced that it has received a commitment for a new $1.2 billion credit facility. The facility is led by Chase Securities Inc., Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Key Corporate Capital and Scotiabank and is expected to close by the end of the first quarter. Upon closing, Crown Castle will repay all borrowings outstanding under its existing restricted group credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities . The new facility will be used to provide financing to include previously announced transactions scheduled to close in 2000, international growth opportunities and the ongoing build-out of Crown Castle's clusters in strategic U.S. markets. Crown Castle International Corp. is a leading provider of communication sites and wireless network services and provides an array of related infrastructure and network support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the 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. and radio and television broadcasting industries in the 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. and United Kingdom. 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 approximately 10,000 wireless communication towers internationally. For more information on Crown Castle International, visit: http://www.crowncastle.com. This press release contains various forward-looking statements and information that are based on management's belief as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. The Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. |
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