Crown Castle’s $3.1 Billion Credit Facility

On January 31, 2012, Crown Castle International Corp. announced that its direct wholly owned subsidiary, Crown Castle Operating Company (“CCOC”), completed a new $3.1 billion credit facility. Cravath represented Crown Castle in connection with this transaction. The proceeds of the loans under the facility were used in part to repay CCOC’s existing revolving credit facility, to repay CCOC’s existing term loan facility and to fund the acquisition of certain assets of Wireless Capital Partners, LLC.

The Cravath team included partner George E. Zobitz, senior attorney Christopher J. Kelly and associate Heather A. Cobb.