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Crown Castle (CCI +2.3%) has priced $1.5B worth of debt it's using in a refinancing effort on...

Crown Castle (CCI +2.3%) has priced $1.5B worth of debt it's using in a refinancing effort on pretty favorable terms. $500M worth of notes due 2017 and $1B worth of notes due 2023 will have a weighted average interest of 3.36%. The notes, along with a $500M increase in Crown Castle's credit facility, will be used to repurchase 9% notes due 2015 and 7.75% notes due 2017. Crown Castle had nearly $8.4B in debt on its balance sheet as of Sep. 29.
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