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Crown Castle secures $1.2 billion credit facility

HOUSTON-Crown Castle International Corp., a provider of communication sites and wireless network services, received a commitment for a new $1.2 billion credit facility to be led by Chase Securities Inc., Credit Suisse First Boston, Key Corporate Capital and Scotiabank.

Upon closing of the deal, which is expected by the end of the first quarter, Crown Castle will repay all borrowings outstanding under its existing restricted group credit facilities.

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