HOUSTON, April 26, 2017 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) announced today that it has priced its previously announced public offering of 4,750,000 shares of its common stock.

The gross proceeds from the offering are expected to be approximately $447 million. Crown Castle intends to use the net proceeds from this offering for general corporate purposes, which may include the funding of acquisitions, including the proposed acquisition of Wilcon Holdings LLC, discretionary investments and the repayment or repurchase of outstanding indebtedness. This offering is not contingent upon the consummation of the Wilcon Acquisition.

Barclays, RBC Capital Markets, Citigroup and J.P. Morgan are acting as underwriters for the offering. The Underwriters may offer the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale or at negotiated prices. The last reported sale price of Crown Castle’s common stock on April 25, 2017 was $94.27 per share.