HOUSTON-Crown Castle International Corp. said it plans to offer $200 million of senior notes due 2013 through a private transaction. The company expects to use the proceeds to tender its outstanding 9-percent senior notes and to pay down other debt.
HOUSTON-Crown Castle International Corp. has priced $300 million of its 7.5-percent senior notes due Dec. 1, 2013.The company expects to receive $293 million in net proceeds from the offering, which it plans to use to tender outstanding 10.375-percent senior discount notes and 11.25-percent senior...
BOCA RATON, Fla.-SBA Communications Corp. has released its third-quarter 2003 financial earnings. The company also released the results of a re-audit of its fiscal year 2001 and 2002 financial statements to reflect the sale of towers to AAT Communications Corp. and other towers held...
HOUSTON-Crown Castle International Corp. reported a slight year-over-year increase in total revenues during the third quarter from $227.4 million last year to $235.6 million in total revenues during the third quarter of 2003. The increase included a dramatic drop in network service revenue from...
Crown Castle International Corp. reported a slight year-over-year increase in total revenues during the third quarter from $227.4 million last year to $235.6 million in total revenues during the third quarter of 2003. The increase included a dramatic drop in network service revenue from...
HOUSTON-Crown Castle International Corp. said the quarterly dividend on its 6.25-percent convertible preferred stock will be paid Nov. 17 to holders of record Nov. 1 of shares of the company's common stock. The dividend rate will be announced by Nov. 1.
HOUSTON-Crown Castle International Corp. announced it has completed an amended $1.6 billion credit facility and made certain changes to its capital structure. "This leverage-neutral transaction simplifies our capital structure and provides our restricted borrowing group access to the operating cash flows of our U.K....
HOLLYWOOD, Fla.-Wireless carriers are going to have to fortify their networks to become increasingly reliable as more people cut the cord. Does that sound like good news for tower companies, which have been victims of carriers' tightly closed purse strings during the past year?Not...
NEW YORK-Telecommunications site consulting and management company HighPointe Group L.L.C. has acquired the assets of Crown Castle International Corp.'s Site Spectrum Management Corp. rooftop management subsidiary. The value of the deal was not disclosed.The acquisition indicates tower owners like Crown are continuing to narrow...
NEW YORK-Telecommunications site consulting and management company HighPointe Group L.L.C. has acquired the assets of Site Spectrum Management Corp. from a subsidiary of Crown Castle International Corp., increasing the number of rooftop sites HighPointe manages to more than 3,000. The value of the acquisition...
NEW YORK-Bear Stearns & Co. Inc. has raised its wireless tower sector rating to "market overweight," reflecting its confidence in the industry's ability to continue financial deleveraging. The analyst firm specifically raised its rating on Crown Castle International Inc. to "outperform" and its year-end...
NEW YORK-Standard & Poor's Ratings Services assigned a "B-" rating to the proposed $1.6 billion senior secured credit facility of Crown Castle Operating Co., a wholly owned subsidiary of Crown Castle International Corp. S&P also affirmed its "B-" corporate credit rating on Crown Castle...
HOUSTON-Crown Castle International Corp. said it intends to amend certain provisions of its restricted group operating company's $1.2 billion credit facility and make certain changes to its capital structure. The plan is subject to the consent of its senior credit facility lenders.The Opco facility...
HOUSTON-Crown Castle International Corp. said the quarterly dividend on its 12 3/4-percent senior exchangeable preferred stock will be paid Sept. 15 to holders of record as of Sept. 1 at a rate of 31.875 shares per 1,000 shares.
Second-quarter results from public tower companies reflect improved financial stability and greater optimism that cell-site additions will ramp up in the coming months. Crown Castle International Corp. released its second-quarter financials late last week. The company reported revenue of $224.2 million, down slightly from...
HOUSTON-Crown Castle International Corp. was the latest public tower company to release its second-quarter 2003 financial results.The company reported revenue of $224.2 million, down slightly from $225.5 million for the second quarter 2002. Site rental and broadcast transmission revenue accounted for $189.5 million of...
HOUSTON-Tower company Crown Castle International Corp. announced the quarterly dividend on its 6.25-percent convertible preferred stock will be paid Aug. 15 to holders of record as of Aug. 1. The dividend will be paid in shares of the company's common stock, at a rate...
NEW YORK-Standard & Poor's Ratings Services assigned a CCC rating to the $230 million convertible senior notes recently issued by tower owner Crown Castle International Corp. The rating service also affirmed its B- rating on the company and kept its outlook at negative, noting...
HOUSTON-Crown Castle International Corp. has priced the $200 million convertible senior note offering it announced earlier this week and has granted the underwriters a 30-day option to purchase up to an additional $30 million principal amount of the notes.The notes will be convertible into...
HOUSTON-Crown Castle International Corp. will attempt to raise $200 million through a public offering of convertible senior notes. The company will use the proceeds to redeem a portion of its 10 5/8-percent senior discount notes and to purchase or redeem all of its outstanding...
Wireless tower industry stocks soared last week, with major players' shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit $7.94, SBA Communications Corp. was at $3.10 and SpectraSite Inc. was at $49.40 per...
Wireless infrastructure association PCIA is gearing up for its first industry trade show since it narrowed its focus to the tower sector last fall, but tight travel budgets will not be the only factor threatening the show's success. PCIA's Wireless Infrastructure Conference & Expo,...
HOUSTON-Crown Castle International Corp. will redeem its 10 5/8-percent senior discount notes due 2007 at a price of 105 percent of principal in an effort to reduce interest expenses and increase free cash flow. The redemption of the outstanding bonds, currently worth $239.2 million,...
Wireless tower industry stocks soared this week, with major players' shares rising above previous 52-week highs. American Tower Corp. was trading at $9.25 per share, Crown Castle International Corp. hit $7.94, SBA Communications Corp. was at $3.10 and SpectraSite Inc. was at $49.40 per...
