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Crown Castle Announces Final Results Of Cash Tender Offer For The 7.750% Senior Secured Notes Due 2017 Of CC Holdings GS V LLC

Stock quotes in this article: CCI

HOUSTON, Dec. 26, 2012 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) announced today the final results of the previously announced cash tender offer ("Tender Offer") of its subsidiary, CC Holdings GS V LLC ("CCL"), for any and all of its outstanding 7.750% Senior Secured Notes due 2017 (CUSIP Numbers 14987B AA1 and U1252D AA9) ("7.750% Notes"). The Tender Offer expired at 11:59 p.m. (EST) on December 24, 2012. The terms and conditions of the Tender Offer are described in the Offer to Purchase and related Letter of Transmittal dated December 11, 2012, distributed to holders of the 7.750% Notes.

$669,237,000 aggregate principal amount of the 7.750% Notes have been validly tendered and accepted for purchase by CCL in connection with the Tender Offer. Holders who validly tendered their 7.750% Notes on or prior to 11:59 p.m. (EST) on December 24, 2012 and whose 7.750% Notes were accepted for purchase will receive $1,063.45 per $1,000 principal amount of 7.750% Notes (plus accrued and unpaid interest), subject to the terms and conditions set forth in the Offer to Purchase and related Letter of Transmittal.

Acceptance of the 7.750% Notes for purchase was subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase and the related Letter of Transmittal.

On December 11, 2012, CCL delivered to the holders of the 7.750% Notes a conditional notice of redemption, which notice became unconditional on December 24, 2012. All of the remaining then outstanding 7.750% Notes will be redeemed on January 10, 2013.

CCL retained Morgan Stanley & Co. LLC, Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated to serve as the dealer managers for the Tender Offer. Requests for documents may be directed to D.F. King & Co., Inc., the information agent, by telephone at 1-800-967-4617 or in writing at D.F. King & Co., Inc., 48 Wall Street, 22nd Floor, New York, NY 10005, Attention: Elton Bagley. Questions regarding the Tender Offer may be directed to Morgan Stanley & Co. LLC at 1-800-624-1808 (toll-free) or (212) 761-1057 (collect), Barclays Capital Inc. at (800) 438-3242 (toll-free) or (212) 528-7581 (collect), J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-4811 (collect) or Merrill Lynch, Pierce, Fenner & Smith Incorporated at (888) 292-0070 (toll-free) or (646) 855-3401 (collect), or in writing at Morgan Stanley and Co., LLC, 1585 Broadway, Floor 04, New York, NY 10036, Attention: Liability Management, Barclays Capital Inc., 745 Seventh Ave., 5th Floor, New York, NY 10019, Attention: Liability Management Group, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Liability Management Group or Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, 27th Floor, New York, NY 10036, Attention: Liability Management.

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