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American Tower Corporation Prices Senior Notes Offering

AMT
  • American Tower Corporation priced a registered public offering of senior unsecured notes due 2031, 2033, & 2036 in aggregate principal amounts of $450.0 million, $500.0 million, & $550.0 million respectively.
  • The 2031 notes are issued at 99.387% of face value & are consolidated with $500 million of existing notes due 2031.
  • The 2033 notes are issued at 99.369% of face value & are consolidated with $500 million of existing notes due 2033.
  • The 2036 notes are issued at 98.986% of face value & are consolidated with $600 million of existing notes due 2036.
  • Net proceeds from the offering are expected to total $1,474.9 million after deducting underwriting discounts & estimated expenses.
  • American Tower intends to use net proceeds to repay existing indebtedness under its $6.0 billion revolving credit facility & for general corporate purposes.
  • TD Securities (USA) LLC, ING Financial Markets LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC, & SMBC Nikko Securities America, Inc. serve as Joint Book-Running Managers for the offering.
  • The offering was made only via a prospectus available through the SEC website or by contacting the lead managers directly.