16.06.2006 12:02:00
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Crown Castle International Elects to Redeem 10 3/4% Senior Notes and 9 3/8% Senior Notes Due 2011
HOUSTON, June 16 /PRNewswire-FirstCall/ -- Crown Castle International Corp. announced today that it has elected to redeem its 10 3/4% Senior Notes and 9 3/8% Senior Notes, in each case due August 1, 2011, at the contractual call price of 103.583% and 104.688% of principal, respectively, plus accrued and unpaid interest, if any. The trustee, The Bank of New York, will issue a notice of redemption to holders of record, and Crown Castle expects the redemption to occur on or about August 1, 2006. There are currently approximately $10.0 million of the 10 3/4% Senior Notes and $1.7 million of the 9 3/8% Senior Notes outstanding.
Crown Castle International Corp. engineers, deploys, owns and operates technologically advanced shared wireless infrastructure, including extensive networks of towers. Crown Castle offers significant wireless communications coverage to 76 of the top 100 U.S. markets and to substantially all of the Australian population. Crown Castle owns, operates and manages over 11,000 and over 1,300 wireless communication sites in the U.S. and Australia, respectively. For more information on Crown Castle, please visit http://www.crowncastle.com/ .
Contacts: W. Benjamin Moreland, CFO Jay Brown, Treasurer Crown Castle International Corp. 713-570-3000
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