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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 21, 1998
CROWN CASTLE INTERNATIONAL CORP.
(Exact Name of Registrant as Specified in its Charter)
Delaware 333-43873 76-0470458
(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
510 Bering Drive
Suite 500
Houston, TX 77057
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (713) 570-3000
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Item 5. Other Events
Crown Castle International Corp. ("CCIC" or the "Company")
has completed the offering (the "Offering") of $200 million aggregate
principal amount of its senior exchangeable pay-in-kind preferred stock in
a Rule 144A/Regulation S distribution.
A copy of the press release issued by CCIC on December 21,
1998 with respect to the Offering is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99.1 Press Release dated December 21, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Crown Castle International Corp.,
By: /s/ Charles C. Green, III
Executive Vice President and
Chief Financial Officer
December 21, 1998
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
99.1 Press Release dated December 21, 1998
Exhibit 99.1
Houston, TX, December 21, 1998 -- Crown Castle International
Corp. (NASDAQ: TWRS) announced today that it completed the private offering
in a distribution pursuant to Rule 144A/Regulation S under the Securities
Act of 1933 of its $200 million principal amount senior exchangeable
pay-in-kind preferred stock. The net proceeds of the offering are
anticipated to be used for the proposed joint venture with Bell Atlantic
Mobile, to repay outstanding bank borrowings and for general corporate
purposes.
The exchangeable preferred stock has not been registered under
the Securities Act of 1933 or any state securities laws and, unless so
registered, may not be offered or sold except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of
the Securities Act of 1933 and applicable state securities laws.