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Crown Castle raising US$1bn in share offering to fund FiberNet purchase

Connectivity BusinessbyConnectivity Business
November 2, 2016
in Financing
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Crown Castle expects to raise approximately US$1bn in gross proceeds from the public offering of 11,350,000 shares of its common stock. The US towerco said in a statement that the amount raised will be used for general corporate purposes, discretionary investments, debt repayment and the funding of acquisitions, including the recently-announced FPL FiberNet Holdings deal. Crown Castle (NYSE:CCI) expects to […]

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Tags: Berkshire PartnersCitigroupCrown CastleFibernetJPMorgan ChaseMorgan StanleyNextEra Energy IncNorth AmericaPremiumTF250Tower Development Corporation
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