Filed pursuant to Rule 433
Free Writing Prospectus dated October 20, 2009
Registration Statement No. 333-156781
Crown Castle International Corp.
Pricing Term Sheet – October 20, 2009
$500,000,000 7.125% Senior Notes due 2019
The following information, filed pursuant to Rule 433, supplements the Preliminary Prospectus Supplement dated
October 20, 2009, filed as part of Registration Statement No. 333-156781
| Issuer: |
Crown Castle International Corp. (the “Company”) | |
| Security: |
7.125% Senior Notes due 2019 | |
| Aggregate Principal Amount Offered: |
$500,000,000 | |
| Principal Amount per Note: |
$2,000 minimum, $1,000 increments | |
| Rating1: |
B1 / B+ | |
| Trade Date: |
October 20, 2009 | |
| Settlement Date: |
October 23, 2009 (T + 3) | |
| Maturity: |
November 1, 2019 | |
| Coupon Payment Dates: |
May 1 and November 1 of each year, beginning May 1, 2010 | |
| Coupon Record Dates: |
Semi-annual on April 15 and October 15 | |
| Optional Redemption: |
103.563% on or after November 1, 2014; | |
| 102.375% on or after November 1, 2015; | ||
| 101.188% on or after November 1, 2016; 100.000% on or after November 1, 2017 | ||
| Equity Clawback: |
Up to 35% until November 1, 2012 at 107.125% | |
| 1 | A securities rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization. |
| Coupon: |
7.125% | |
| Price to Public: |
99.500% | |
| Yield to Maturity: |
7.195% | |
| Gross Spread (%): |
1.50% | |
| Gross Spread ($): |
$7,500,000 | |
| Net Proceeds to the Company after Underwriting Discount and Before Other Expenses (%): |
98.000% | |
| Net Proceeds to the Company after Underwriting Discount and Before Other Expenses ($): |
$490,000,000 | |
| CUSIP: |
228227 B A1 | |
| ISIN: |
US 228227 B A19 | |
| Joint Book-Running Managers: |
Barclays Capital Inc. RBS Securities Inc. Banc of America Securities LLC Deutsche Bank Securities Inc. Morgan Stanley & Co. Incorporated Calyon Securities (USA) Inc. TD Securities (USA) LLC | |
The Company has previously filed a registration statement (including a prospectus) on Form S-3 with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates, which registration statement was automatically effective on January 16, 2009. Before you invest, you should read the prospectus supplement to the prospectus in that registration statement and the other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus supplement relating to this offering may also be obtained by contacting Barclays Capital Inc. toll free at 888-603-5847 or by email at barclaysprospectus@broadridge.com.