July 23, 2014 5:39 AM ET

Communications Equipment

Company Overview of CC Holdings GS V LLC

Company Overview

CC Holdings GS V LLC provides shared wireless infrastructure sites access to wireless communications companies or other users via long-term contracts in various forms, including license, sublease, and lease agreements in the United States. As of December 31, 2013, it owned, leased, or managed approximately 7,800 sites. The company is based in Houston, Texas. CC Holdings GS V LLC operates as a subsidiary of Global Signal Operating Partnership LP.

1220 Augusta Drive

Suite 600

Houston, TX 77057

United States

Founded in 2009

Phone:

713-570-3000

Key Executives for CC Holdings GS V LLC

Chief Executive Officer
Age: 50
Chief Financial Officer
Age: 41
Principal Accounting Officer
Executive Vice President and Director
Age: 64
Compensation as of Fiscal Year 2014.

CC Holdings GS V LLC Key Developments

Crown Castle Announces Final Results of Cash Tender Offer for the 7.750% Senior Secured Notes Due 2017 of CC Holdings GS V LLC

Crown Castle International Corp. announced the final results of the previously announced cash tender offer of its subsidiary, CC Holdings GS V LLC for any and all of its outstanding 7.750% Senior Secured Notes due 2017 (CUSIP Numbers 14987B AA1 and U1252D AA9) (‘7.750% Notes’). The Tender Offer expired at 11:59 p.m. (EST) on December 24, 2012. The terms and conditions of the Tender Offer are described in the Offer to Purchase and related Letter of Transmittal dated December 11, 2012, distributed to holders of the 7.750% Notes. $669,237,000 aggregate principal amount of the 7.750% Notes have been validly tendered and accepted for purchase by CCL in connection with the Tender Offer. Holders who validly tendered their 7.750% Notes on or prior to 11:59 p.m. (EST) on December 24, 2012 and whose 7.750% Notes were accepted for purchase will receive $1,063.45 per $1,000 principal amount of 7.750% Notes (plus accrued and unpaid interest), subject to the terms and conditions set forth in the Offer to Purchase and related Letter of Transmittal. Acceptance of the 7.750% Notes for purchase was subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase and the related Letter of Transmittal. On December 11, 2012, CCL delivered to the holders of the 7.750% Notes a conditional notice of redemption, which notice became unconditional on December 24, 2012. All of the remaining then outstanding 7.750% Notes will be redeemed on January 10, 2013.

CC Holdings GS V LLC Closes its Offering of $500.0 Million Aggregate Principal Amount of Senior Secured Notes Due 2017

Crown Castle International Corp. announced that CC Holdings GS V LLC has closed its previously announced offering of $500.0 million aggregate principal amount of senior secured notes due 2017 and $1.0 billion aggregate principal amount of senior secured notes due 2023. The company through its subsidiaries, holds a majority of the U.S. towers originally acquired by Crown Castle in its 2007 acquisition of Global Signal Inc. The Notes are guaranteed by certain of its direct and indirect subsidiaries. The Notes and the guarantees are secured on a first priority basis by a pledge of the equity interests of the guarantors. The Notes are not guaranteed by and will not constitute obligations of Crown Castle or any of its other subsidiaries.

CC Holdings GS V LLC Announces Pricing of Senior Secured Notes

Crown Castle International Corp. announced that its subsidiary, CC Holdings GS V LLC (CCL), has priced its previously-announced offering of $500.0 million aggregate principal amount of senior secured notes due 2017 and $1.0 billion aggregate principal amount of senior secured notes due 2023 (the 2023 Notes and, together with the 2017 Notes, the Notes). CCL, through its subsidiaries, holds a majority of the U.S. towers originally acquired by Crown Castle in its 2007 acquisition of Global Signal Inc. The 2017 Notes will have an interest rate of 2.381% per annum and will be issued at a price equal to 100% of their face value. The 2023 Notes will have an interest rate of 3.849% per annum and will be issued at a price equal to 100% of their face value. The weighted average interest rate on the Notes is approximately 3.36%. The Notes will be guaranteed by certain of CCL's direct and indirect subsidiaries. The Notes and the guarantees will be secured on a first priority basis by a pledge of the equity interests of the guarantors. The Notes will not be guaranteed by and will not constitute obligations of Crown Castle or any of its other subsidiaries. The Notes offering is expected to close on December 24, 2012. The net proceeds from the offering will be approximately $1.48 billion, after estimated issuance discounts, commissions and offering expenses payable by CCL. CCL will use a portion of the net proceeds from the offering to finance its previously-announced tender offer for any and all of its outstanding 7.75% Senior Secured Notes due 2017 (the Existing Notes), and to redeem any of the Existing Notes that remain outstanding after the expiration of the tender offer. CCL anticipates distributing the remaining net proceeds to Crown Castle to fund, together with borrowings under Crown Castle's revolving credit facility, Crown Castle's previously announced tender offer for any and all of its 9.00% Senior Notes due 2015. Crown Castle has received preliminary commitments to increase its revolving credit facility by an additional $500.0 million, and expects to consummate such increase prior to the closing of the Notes offering. The purpose of the offering of the Notes is to extend debt maturities and reduce annual interest expense (after giving effect to the related tender offers and redemptions and related revolver borrowings described above, the offering would reduce Crown Castle's annualized consolidated cash interest expense by approximately $85.0 million).

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