American Tower Corporation Prices Senior Notes Offering
Key Highlights
- ➤$1.5 billion senior notes priced across 2031, 2033 and 2036 maturities
- ➤$1,474.9 million net proceeds expected after discounts and expenses
- ➤Proceeds will repay revolving credit facility debt and fund general corporate purposes
- ➤2031, 2033 and 2036 notes priced at 99.387%, 99.369% and 98.986%
- ➤American Tower (AMT) offering carries 5.300%, 5.560% and 5.750% coupon rates
American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2031, 2033 and 2036 in aggregate principal amounts of $450.0 million, $500.0 million and $550.0 million, respectively. The 2031 notes will be consolidated, form a single series and be fully fungible, with the Company’s outstanding $500,000,000 5.300% senior unsecured notes due 2031 issued on September 14, 2026 and are being issued at a price equal to 99.387% of their face value. The 2033 notes will be consolidated, form a single series and be fully fungible, with the Company’s outstanding $500,000,000 5.560% senior unsecured notes due 2033 issued on September 14, 2026 and are being issued at a price equal to 99.369% of their face value. The 2036 notes will be consolidated, form a single series and be fully fungible, with the Company’s outstanding $600,000,000 5.750% senior unsecured notes due 2036 issued on September 14, 2026 and are being issued at a price equal to 98.986% of their face value.
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