Crown Castle Announces Early Settlement Results Of Cash Tender Offer For 9.00% Senior Notes

HOUSTON, Dec. 26, 2012 (GLOBE NEWSWIRE) -- Crown Castle International Corp. ("Crown Castle") (NYSE:CCI) announced today the early settlement results of the previously announced cash tender offer ("Tender Offer") for any and all of its outstanding 9.00% Senior Notes due 2015 (CUSIP No. 228227 AZ7) ("9% Notes"). Crown Castle accepted for purchase approximately $515,458,000 aggregate principal amount of 9% Notes, which were all validly tendered on or prior to 11:59 p.m. (EST) on December 24, 2012 ("Early Tender Date"). 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 9% Notes.

Acceptance of the 9% Notes for purchase on the Early Tender Date was subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase and the related Letter of Transmittal.

Holders who validly tendered their 9% Notes on or before the Early Tender Date and whose 9% Notes were accepted for purchase will receive total consideration of $1,062.30 per $1,000 principal amount of 9% Notes (plus accrued and unpaid interest), which includes the "Early Tender Premium" of $30.00, subject to the terms and conditions set forth in the Offer to Purchase and related Letter of Transmittal.

Holders who validly tender their 9% Notes after the Early Tender Date but on or prior to 11:59 p.m. (EST) on January 9, 2013, unless such time and date are extended as described in the Offer to Purchase, will be eligible to receive total consideration of $1,032.30 per $1,000 principal amount of 9% Notes (plus accrued and unpaid interest), which does not include the Early Tender Premium. Any 9% Notes tendered after the Early Tender Date may not be withdrawn.

On December 24, 2012, Crown Castle delivered to the holders of the 9% Notes a notice of redemption to redeem any and all 9% Notes not purchased in the Tender Offer. All of the remaining then outstanding 9% Notes will be redeemed on January 23, 2013.

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