Crown Castle’s $3.5 Billion Revolving Credit Facilities and $2 Billion Term Loan Facility

Cravath represented the borrower, Crown Castle International Corp., in connection with the arrangement of its $2.5 billion senior unsecured revolving credit facility, $2 billion senior unsecured term loan facility and $1 billion senior unsecured 364‑day revolving credit facility made available by JPMorgan Chase Bank, N.A. as administrative agent. The transaction closed on January 21, 2016.

The Cravath team included partner George E. Zobitz, senior attorney Christopher J. Kelly and associates Raffael M. Fiumara and Sean M. Linnehan on banking matters; partners Andrew W. Needham and Christopher K. Fargo on tax matters; and partner Eric W. Hilfers and associate Matthew J. Bobby on executive compensation and benefits matters. Peretz Riesenberg also worked on executive compensation and benefits matters.