secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN TOWER CORP /MA/ (AMT)
CIK:        0001053507
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001053507-24-000119
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Tower closes sale of India operations to Brookfield for ~$2.5B
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- Total cash proceeds of ~INR 210B (~$2.5B) from sale of 100% of ATC TIPL to Brookfield-sponsored Data Infrastructure Trust.
- Proceeds include ~$2.2B at closing and ~$320M from monetized Vodafone Idea debentures and receivables.
- Proceeds will be used to repay existing indebtedness, including the India term loan.
- Updated 2024 guidance: property revenue $10,830M, Adj. EBITDA $7,185M (incl. discontinued ops); continuing ops proforma AFFO $9.95/share.
- Results from ATC India will now be reported as discontinued operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053507/000105350724000119/0001053507-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053507/000105350724000119/amt-20240912.htm
  HTML page:      https://secwatch.observer/filing/0001053507-24-000119

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