05:57 PM EDT, 08/01/2024 (MT Newswires) -- Crown Castle ( CCI ) said late Thursday it priced the offering of $550 million of 4.9% senior notes due 2029 and $700 million of 5.2% senior notes due 2034 for net proceeds of $1.23 billion.

The company said the 2029 notes will be issued at 99.736% of their face value to yield 4.959%, and the 2034 notes will be issued at 99.332% of their face value to yield 5.286%.

Crown Castle ( CCI ) intends to use the net proceeds to repay a portion of debt under its commercial paper program.

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