Moody's: Provisional A2 (sf) ratings of Crown Castle Towers LLC, Series 2015-1 and 2015-2 unaffected by increase in offering size

New York, April 30, 2015 -- Earlier today, Moody's Investors Service ("Moody's") announced that it had assigned provisional A2 (sf) ratings to the Senior Secured Tower Revenue Notes, Series 2015-1 and 2015-2 (collectively, the Notes), to be issued by Crown Castle Towers LLC (the Issuer). Subsequent to this announcement, the Issuer is considering an increase in the offering size of the Notes from $750 million to $1 billion. The provisional A2 (sf) ratings on the Notes are unaffected by the increase in offering size. Upsizing of the transaction increases the cumulative loan-to-value ratio (CLTV) to approximately 53.32%, which is at the low end of the range for an A2 (sf) rating. For more information please see www.moodys.com.

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