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 June 21, 2019, Crown Castle International Corp., a Delaware corporation (Borrower), entered into Amendment No. 5 (Amendment) among the Borrower, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A. (JPM), as administrative agent, to the Credit Agreement dated as of January 21, 2016 (as amended, supplemented or otherwise modified, the Credit Agreement), by and among the Borrower, the lenders and issuing banks from time to time party thereto and JPM, as administrative agent.
The Amendment provides for, among other things, (a) the extension of the maturity date, from June 14, 2023 to June 21, 2024 (Extension), of the Borrowers existing revolving credit facility (Existing Revolving Credit Facility) and existing term loan facility, each as provided under the Credit Agreement, and (b) after giving effect to the Extension, a $750.0 million increase in the aggregate commitments under the Existing Revolving Credit Facility, such that the aggregate commitments under the Existing Revolving Credit Facility after giving effect to the Amendment are $5.0 billion.
The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference. The Credit Agreement has been previously filed with, and is described in, the Borrowers Current Report on Form 8-K dated January 22, 2016.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.
The information in Item 1.01 is incorporated herein by reference.
On June 21, 2019, the Borrower issued a press release announcing the effectiveness of the Amendment. The June 21, 2019 press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
|99.1||Press Release dated June 21, 2019|