debt
confidence high
sentiment neutral
materiality 0.50
American Tower prices $850M 4.700% senior notes due 2032, to repay revolver
AMERICAN TOWER CORP /MA/
- Issued $850M senior unsecured notes due 2032 at 99.685% of face, interest rate 4.700%.
- Net proceeds ~$839.5M after underwriting discounts and offering expenses.
- Proceeds to repay existing borrowings under $4.0B senior unsecured revolving credit facility.
- Barclays, Mizuho, RBC, Santander, TD Securities act as joint book-running managers.
- Offering is a registered public offering; prospectus available via SEC website.