CCI · 8-K · 20261021PR000085
Liquidity and Debt Position
CROWN CASTLE INC. · 2026-10-21 · Importance 76 · Surprise 56 · No source text
At September 30, 2026, cash and cash equivalents were $133 million, compared with $99 million at December 31, 2025; including restricted cash, the balance-sheet total was $300 million. Debt and other obligations totaled $17.796 billion, including $2.238 billion of current maturities and $15.558 billion of long-term obligations, down from $24.337 billion at year-end 2025. Nine-month financing activities included $4.191 billion of debt purchases and redemptions, $1.831 billion of net commercial-paper repayments, and $1.8 billion of revolving-credit borrowings offset by $2.295 billion of repayments.
Key facts
- For the nine months ended September 30, 2026, Crown Castle's net repayments under its commercial paper program were $1,831 million, compared with net issuances of $605 million in 2025. source
- For the nine months ended September 30, 2026, Crown Castle made $4,191 million of purchases and redemptions of long-term debt, compared with $1,200 million in 2025. source
- For the nine months ended September 30, 2026, Crown Castle borrowed $1,800 million under its revolving credit facility, compared with $900 million in 2025. source
- If Crown Castle's $750 million Tower Revenue Notes, Series 2018-2, are not repaid by their July 2028 anticipated repayment date, excess cash flow of the issuers will repay principal and additional interest of approximately 5% per year will accrue. source
- Crown Castle's total secured debt was $1,034 million and total unsecured debt was $16,870 million at September 30, 2026. source
- Crown Castle's net debt was $17,599 million at September 30, 2026. source
- At September 30, 2026, cash, cash equivalents and restricted cash totaled $305 million, compared with $255 million at September 30, 2025. source
- For the nine months ended September 30, 2026, Crown Castle paid $708 million in interest, compared with $799 million in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | -50.7% | At September 30, 2026, total assets were $20,610 million, versus $31,518 million at December 31, 2025. |
| liability | positive | realized | +42.4% | At September 30, 2026, total liabilities were $24,034 million, versus $33,153 million at December 31, 2025. |
| liability | positive | realized | +13.9% | For the nine months ended September 30, 2026, Crown Castle made $4,191 million of purchases and redemptions of long-term debt, compared… |
| net_income | negative | contingent | -13.7% | If Crown Castle's $750 million Tower Revenue Notes, Series 2018-2, are not repaid by their July 2028 anticipated repayment date, excess… |
| liability | positive | realized | +11.3% | For the nine months ended September 30, 2026, Crown Castle's net repayments under its commercial paper program were $1,831 million,… |
| cash | negative | realized | -10.7% | For the nine months ended September 30, 2026, Crown Castle made $2,295 million of payments under its revolving credit facility, compared… |
| liability | positive | realized | +10.7% | For the nine months ended September 30, 2026, Crown Castle made $2,295 million of payments under its revolving credit facility, compared… |
| liability | negative | realized | -4.2% | For the nine months ended September 30, 2026, Crown Castle borrowed $1,800 million under its revolving credit facility, compared with $900… |
| cash | negative | contingent | -0.5% | If Crown Castle's $750 million Tower Revenue Notes, Series 2018-2, are not repaid by their July 2028 anticipated repayment date, excess… |
| liability | positive | contingent | +0.5% | If Crown Castle's $750 million Tower Revenue Notes, Series 2018-2, are not repaid by their July 2028 anticipated repayment date, excess… |
| cash | positive | realized | +0.4% | For the nine months ended September 30, 2026, Crown Castle paid $708 million in interest, compared with $799 million in 2025. |
| cash | positive | realized | +0.2% | At September 30, 2026, cash, cash equivalents and restricted cash totaled $305 million, compared with $255 million at September 30, 2025. |