Crown Citadel Inc. (NYSE: CCI) (“Crown Citadel”) right this moment introduced the profitable shut of the transaction to promote its Fiber Options enterprise to Zayo Group Holdings Inc. (“Zayo”) and its Small Cell enterprise to Arium Networks, an EQT Energetic Core Infrastructure fund (“EQT”) firm for $8.5 billion, or roughly $8.4 billion web of preliminary changes beneath the inventory buy settlement. In keeping with prior disclosures, Crown Citadel expects to make use of a portion of the sale proceeds to repurchase $1.0 billion of shares beneath its inventory repurchase program accredited by its Board of Administrators efficient Could 1, 2026, and cut back excellent debt by greater than $7.0 billion.Â
This Outlook part accommodates forward-looking statements, and precise outcomes could differ materially. Info concerning potential dangers which may trigger precise outcomes to vary from the forward-looking statements herein is about forth beneath and in Crown Citadel’s filings with the SEC.
The next desk units forth Crown Citadel’s present full yr 2026 Outlook, which features a $40 million lower in curiosity expense and a $10 million enhance in curiosity revenue in comparison with the earlier full yr 2026 Outlook issued on April 22, 2026. These adjustments are a results of Fiber Options and Small Cell companies sale proceeds being obtained on Could 1, 2026, somewhat than June 30, 2026, as assumed within the earlier Outlook.
Learn the complete press launch right here.