Attached files

file filename
8-K - 8-K - CROWN CASTLE INTERNATIONAL CORPd617484d8k.htm
EX-1.1 - EX-1.1 - CROWN CASTLE INTERNATIONAL CORPd617484dex11.htm
EX-8.3 - EX-8.3 - CROWN CASTLE INTERNATIONAL CORPd617484dex83.htm
EX-5.1 - EX-5.1 - CROWN CASTLE INTERNATIONAL CORPd617484dex51.htm
EX-1.2 - EX-1.2 - CROWN CASTLE INTERNATIONAL CORPd617484dex12.htm
EX-5.2 - EX-5.2 - CROWN CASTLE INTERNATIONAL CORPd617484dex52.htm
EX-3.3 - EX-3.3 - CROWN CASTLE INTERNATIONAL CORPd617484dex33.htm
EX-8.4 - EX-8.4 - CROWN CASTLE INTERNATIONAL CORPd617484dex84.htm
EX-8.1 - EX-8.1 - CROWN CASTLE INTERNATIONAL CORPd617484dex81.htm
EX-3.2 - EX-3.2 - CROWN CASTLE INTERNATIONAL CORPd617484dex32.htm
EX-3.1 - EX-3.1 - CROWN CASTLE INTERNATIONAL CORPd617484dex31.htm

Exhibit 8.2

 

 

[Letterhead of]

C R A V A T H ,   S W A I N E   &   M O O R E   L L P

[New York Office]

 

 

 

October 22, 2013

Tax Opinion Regarding Certain U.S. Federal Income Tax Matters

Ladies and Gentlemen:

We have acted as counsel for Crown Castle International Corp., a Delaware corporation (the “Company”), in connection with the offering by the Company (the “Offering”) of shares of its 4.50% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share, pursuant to the Underwriting Agreement, dated October 22, 2013 (the “Underwriting Agreement”), by and between the Company and Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters named in Schedule I thereto. You have requested our opinion in connection with this Offering. Capitalized terms employed but not otherwise defined herein shall have the meanings assigned to them in the Underwriting Agreement.

In that connection, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records and other instruments as we have deemed necessary or appropriate for the purposes of this opinion, including: (i) the Registration Statement on Form S-3 (Registration No. 333-180526) filed with the Securities and Exchange Commission (the “Commission”) on April 3, 2012 (the “Registration Statement”), for registration under the Securities Act of 1933, as amended (the “Securities Act”) of an unlimited aggregate amount of various securities of the Company, to be issued from time to time by the Company; (ii) the related Prospectus dated April 3, 2012; and (iii) the Prospectus Supplement dated October 22, 2013, filed with the Commission pursuant to Rule 424(b) of the General Rules and Regulations under the Securities Act (the “Prospectus Supplement”). In addition, we have examined and, with the Company’s consent, are relying upon the accuracy of: (i) a certificate (the “Officers’ Certificate”) dated as of October 22, 2013 and executed by duly appointed officers of the Company containing certain factual representations and covenants relating to the proposed operation of the Company and its direct and indirect subsidiaries


commencing on January 1, 2014, as well as certain representations and covenants regarding the completion before January 1, 2014 of any steps that may be necessary to ensure the accuracy of the factual representations set forth in the Officers’ Certificate as of January 1, 2014 and (ii) such public filings and other documents and corporate records you have either provided to us or that we have deemed necessary or appropriate for purposes of our opinion.

We have not made an independent investigation of all of the facts, statements, representations and covenants set forth in the items listed above, including the Officers’ Certificate. Our opinion is conditioned on the continuing accuracy and completeness of such statements, representations and covenants. Any material change or inaccuracy in the facts, statements, representations, and covenants set forth in the Officers’ Certificate may affect our opinion.

In addition, we have assumed, with your consent, that: (i) all signatures are genuine, all natural persons are of legal capacity, all other documents submitted to us are authentic originals, or if submitted as duplicates or certified or conformed copies that they faithfully reproduce the originals thereof; (ii) all such documents have been or will be duly executed to the extent required in the form presented to us; and (iii) all obligations imposed by any such document on the parties thereto have been or will be performed or satisfied in accordance with their terms.

Our opinion is based on statutory, regulatory and judicial authority existing as of the date hereof, any of which may be changed at any time with retroactive effect. Accordingly, a change in applicable law may affect our opinion. In addition, our opinion is based solely on the documents that we have examined and the facts and assumptions set forth herein. Our opinion cannot be relied upon if any of our assumptions are inaccurate in any material respect. We assume no responsibility to inform you of any subsequent changes in the matters stated or represented in the documents described above or assumed herein or in statutory, regulatory and judicial authority and interpretations thereof. Further, our opinion is not binding upon the IRS or the courts, and there is no assurance that the IRS or a court will not take a contrary position. We express our opinion herein only as to those matters specifically set forth below, and no opinion has been expressed or should be inferred with respect to any state, local or foreign laws or with respect to other areas of U.S. Federal taxation. Except as set forth below, we express no opinion to any party as to any tax consequences, whether federal, state, local or foreign, of the transactions described in the Registration Statement, any transaction related thereto, or of an investment in the Offering. We are members of the Bar of the State of New York, and we express no opinion as to any law other than the Federal law of the United States of America.

Based upon and subject to the foregoing, we are of opinion that commencing with its taxable year ending on December 31, 2014, the Company will be organized in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and its proposed method of operation will enable it to meet the requirements for qualification and taxation as a REIT under the Code.


The Company’s qualification and taxation as a REIT depend upon its ability to meet, through actual operating results, certain requirements relating to the sources of its income, the nature of its assets, its distribution levels and the diversity of its stock ownership, and various other qualification tests imposed under the Code, the results of which will not be reviewed by us. Accordingly, no assurance can be given that the actual results of the Company’s operation for any one taxable year will satisfy the requirements for taxation as a REIT under the Code.

We are aware that we are referred to under the headings “Risk Factors”, “Material United States Federal Income Tax Considerations” and “Legal Matters” in the Prospectus Supplement. We hereby consent to such use of our name therein and to the filing of this opinion as an exhibit to the Company’s Current Report on Form 8-K filed on October 28, 2013, and to the incorporation by reference of this opinion into the Registration Statement. In giving this consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.

*        *        *

To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. Federal tax advice contained in this document (including any attachment) is not intended or written by us to be used, and cannot be used, by you (or any other person) for the purposes of avoiding penalties under the Code or promoting, marketing or recommending to another party any transaction or matter addressed herein.

*        *        *

 

 

Very truly yours,
/s/ Cravath, Swaine & Moore LLP

 

 

Crown Castle International Corp.

      1220 Augusta Drive, Suite 600

            Houston, Texas 77057-2261

O