ITEM 2.03-CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

The information in Item 8.01 below is incorporated herein by reference.

ITEM 8.01-OTHER EVENTS

On March 11, 2022, Crown Castle International Corp., a Delaware corporation ("Company"), increased the size of its unsecured commercial paper program, established on April 8, 2019 ("CP Program"), to permit the issuance of commercial paper notes of the Company ("CP Notes") in an aggregate principal amount not to exceed $2.0 billion at any time outstanding. Prior to the increase, the CP Program permitted the Company to issue CP Notes in an aggregate principal amount not to exceed $1.0 billion at any time outstanding. Amounts available under the CP Program may be borrowed, repaid and re-borrowed from time to time. At any point in time, the Company intends to maintain available commitments under its revolving credit facility in an amount at least equal to the amount of CP Notes outstanding. The net proceeds of issuances of the CP Notes are expected to be used for general corporate purposes.

Except for the increase in the size of the CP Program described above, the other terms and conditions of the CP Program remain as previously described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 8, 2019.

The CP Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The information contained in this Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities.

Cautionary Language Regarding Forward Looking Statements

This Current Report on Form 8-K contains forward-looking statements that are based on current expectations of management of the Company. Such statements include plans, projections and estimates regarding the (1) expected use of net proceeds from the issuance under the CP Program and (2) maintenance of commitments under certain of the Company's debt instruments. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected.

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