(b)     The Senior Secured Notes, Series 2009-1 consist of $123.8 million of principal as of March 31, 2013 that amortizes during the period beginning January 2010 and ending in 2019, and $70.0 million of principal that amortizes during the period beginning in 2019 and ending in 2029.

(c)      The Senior Secured Tower Revenue Notes Series 2010-1, 2010-2 and 2010-3 have principal amounts of $300.0 million, $350.0 million, and $1,250.0 million with anticipated repayment dates of 2015, 2017, and 2020, respectively.

(d)     The Senior Secured Tower Revenue Notes Series 2010-4, 2010-5 and 2010-6 have principal amounts of $250.0 million, $300.0 million and $1,000.0 million with anticipated repayment dates of 2015, 2017 and 2020, respectively.

(e)      The WCP Secured Wireless Site Contracts Revenue Notes, Series 2010-1 ("WCP Securitized Notes") were assumed in connection with the WCP acquisition. If WCP Securitized Notes are not repaid in full by their anticipated repayment dates in 2015, the applicable interest rate increases by an additional approximately 5% per annum. If the WCP Securitized Notes are not repaid in full by their rapid amortization date of 2017, monthly principal payments commence. 

(f)      Excludes restricted cash.

Sustaining capital expenditures for the three months ended March 31, 2013 and 2012 is computed as follows:
   
  For the Three Months Ended
(in millions) March 31, 2013 March 31, 2012
Capital Expenditures $116.4 $65.1
Less: Land purchases 16.0 27.9
Less: Tower improvements and other 57.8 25.9
Less: Construction of towers 35.7 7.0
Sustaining capital expenditures $6.9 $4.3

 

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements and information that are based on our management's current expectations. Such statements include, but are not limited to, plans, projections, Outlook and estimates regarding (i) new leasing activity and application volume, including the impact on our results and operations which may be derived therefrom, (ii) non-recurring items, (iii) cash flow, (iv) our growth, (v) currency exchange rates, (vi) site rental revenues, (vii) site rental cost of operations, including repairs and maintenance, (viii) site rental gross margin and services gross margin, (ix) Adjusted EBITDA, (x) interest expense and amortization of deferred financing costs, (xi) FFO, (xii) AFFO, including on a per share basis, (xiii) net income (loss), including on a per share basis, (xiv) prepaid rents, (xv) our common shares outstanding, including on a diluted basis and (xvi) the utility of certain financial measures in analyzing our results.

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