Crown Castle International Elects to Redeem 4 Percent Convertible Senior Notes Due 2010
Crown Castle International Corp.
HOUSTON, Aug. 19, 2008 (GLOBE NEWSWIRE) (PRIME NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) today announced that it has elected to redeem its 4% Convertible Senior Notes due 2010 at the contractual redemption price of 101.143% of principal, plus accrued and unpaid interest, if any. The trustee, The Bank of New York Mellon, has issued a notice of redemption to holders of record with a redemption date of September 18, 2008. There are currently approximately $25.2 million of these notes outstanding.
Crown Castle engineers, deploys, owns and operates technologically advanced shared wireless infrastructure, including extensive networks of towers. Crown Castle offers significant wireless communications coverage to 91 of the top 100 U.S. markets and to substantially all of the Australian population. Crown Castle owns, operates and manages over 22,000 and over 1,400 wireless communication sites in the U.S. and Australia, respectively. For more information on Crown Castle, please visit http://www.crowncastle.com.
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CONTACT: Crown Castle International Corp.
Jay Brown, CFO
Fiona McKone, VP - Finance
713-570-3000