Financing ·
Crown Castle enters $4.5B unsecured revolving credit facility maturing May 2031, terminates prior agreement
CCICrown Castle Inc.
Crown Castle Inc. entered into a new $4.5 billion unsecured revolving credit facility maturing in May 2031, which includes a $100 million subfacility for letters of credit and an option for up to $500 million in additional commitments. The company also terminated its existing 2016 credit agreement, using proceeds from the sale of its fiber solutions and small cells businesses to repay all outstanding loans under the previous facility.