Crown Castle Announces Proposed Public Offering of Common Stock

Go back to Crown Castle Announces Proposed Public Offering of Common Stock

Crown Castle (CCI) Prices 4.75M Common Stock Offering for Gross Proceeds of $447M

April 26, 2017 8:26 AM EDT

Crown Castle International Corp. (NYSE: CCI) (Crown Castle) announced today that it has priced its previously announced public offering of 4,750,000 shares of its common stock.

The gross proceeds from the offering are expected to be approximately $447 million. Crown Castle intends to use the net proceeds from this offering for general corporate purposes, which may include the funding of acquisitions, including the proposed acquisition of Wilcon Holdings LLC (Wilcon Acquisition),... More