Crown Castle International Corp. (NYSE:CCI) Files An 8-K Entry into a Material Definitive Agreement

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Crown Castle International Corp. (NYSE:CCI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 — ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On April6, 2018, Crown Castle International Corp. (“Company”) entered into sales agreements (“Sales Agreements”) with each of Merrill Lynch, Pierce, Fenner& Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Fifth Third Securities, Inc., Jefferies LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley& Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, SG Americas Securities, LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC (each, a “Sales Agent” and collectively, “Sales Agents”), to which the Company may issue and sell from time to time shares (“Shares”) of its common stock, par value $0.01 per share (“Common Stock”), having an aggregate gross sales price of up to $750 million.

Subject to the terms and conditions of the Sales Agreements, the Sales Agents will use their commercially reasonable efforts to sell, on the Company’s behalf, the Shares that may be offered by the Company from time to time under the Sales Agreements. The sales, if any, of the Shares made under the Sales Agreements will be made by means of ordinary brokers’ transactions on the New York Stock Exchange or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or, subject to specific instructions of the Company, at negotiated prices. Under the terms of the Sales Agreements, the Company may also sell Shares to any Sales Agent as principal for its own account. If the Company sells Shares to any Sales Agent as principal, it will enter into a separate terms agreement setting forth the terms of such transaction with the applicable Sales Agent. Actual sales will depend on a variety of factors to be determined by the Company from time to time.

The Shares will be sold to the Company’s shelf registration statement on Form S-3 (Registration No.333-223921). The above description of the Sales Agreements does not purport to be a complete statement of the parties’ rights and obligations under the Sales Agreements and is qualified in its entirety by reference to the terms of the Form of Sales Agreement, filed as Exhibit 1.1 hereto and incorporated herein by reference.

to separate sales agreements between the Company and each of Merrill Lynch, Pierce, Fenner& Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., Morgan Stanley& Co. LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, as sales agents, each dated as of August28, 2015, the Company previously offered shares of Common Stock having an aggregate gross sales price of approximately $350 million by means of a prospectus supplement dated August28, 2015 to the Company’s prior shelf registration statement on Form S-3 (Registration No.333-203074) (“Prior Offering”). The Prior Offering has been terminated, with shares of the Company’s Common Stock having an aggregate gross sales price of approximately $150 million remaining unsold.

Item 1.01 — FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit Index

ExhibitNo.

Description

1.1 Form of Sales Agreement, dated April6, 2018, between the Company and each of Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Fifth Third Securities, Inc., Jefferies LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, SG Americas Securities, LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC.
5.1 Opinion of Cravath, Swaine& Moore LLP relating to the Common Stock.
8.1 Opinion of Cravath, Swaine& Moore LLP as to certain tax matters relating to the Common Stock.
8.2 Opinion of Skadden, Arps, Slate, Meagher& Flom LLP as to certain tax matters relating to the Common Stock.
23.1 Consent of Cravath, Swaine& Moore LLP (included in Exhibit 5.1).
23.2 Consent of Cravath, Swaine& Moore LLP (included in Exhibit 8.1).
23.3 Consent of Skadden, Arps, Slate, Meagher& Flom LLP (included in Exhibit 8.2).


CROWN CASTLE INTERNATIONAL CORP Exhibit
EX-1.1 2 d564723dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 Crown Castle International Corp. Common Stock ($0.01 par value) SALES AGREEMENT April 6,…
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