https://www.msn.com/en-us/money/markets/crown-castle-to-commence-public-offering-of-its-senior-notes/ar-AA1kYLu6?ocid=hpmsn&cvid=17b9ee2c254c457aa04dea8c0a7fadd4&ei=11
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Agreed. Also, Senior Notes are a guaranteed debt paid ahead of all other debt, including investors. In bankruptcy, employees expecting severence stand in line with the rest of collectors (behind investors). So, all you SP people expecting a severence next year should be cautious; crown just made a huge commitment ahead of your severence.
This is kind of a big deal for senior note offering are done to avoid bankruptcy. If the notes don't change the direction of the company then bankruptcy will follow.
This means Crown is worse off than they are perceived.
Got to finance the dividends some how if cash isn't coming in.
Link indicates Clown Castle is trying to reduce debt. One way, as per link, is to sell fiber based upon its value. Plus, Elliot wants to see more details on internal financials.