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Crown Castle wraps up $1.75B debt offering

Crown Castle International Corp. completed its $1.75 billion debt offering to help fund its pending $7.1 billion all-cash acquisition of LTS Group Holdings LLC, or Lightower.

The public offering comprised $750 million of 3.200% senior notes due Sept. 1, 2024, and $1.0 billion of 3.650% senior notes due Sept. 1, 2027. Interest on the notes is payable semiannually every March 1 and Sept. 1, beginning March 1, 2018.

Morgan Stanley, Merrill Lynch Pierce Fenner & Smith Inc., Barclays, Mizuho Securities and RBC Capital Markets were the joint book-running managers for the offering, which closed Aug. 1.