debt
confidence high
sentiment neutral
materiality 0.55
American Tower prices $1.6B senior notes offering; proceeds to repay 2026 notes and revolver
AMERICAN TOWER CORP /MA/
- Priced $500M 5.300% notes due 2031, $500M 5.560% notes due 2033, $600M 5.750% notes due 2036.
- Net proceeds expected $1,579.9M; to repay $600M of 1.450% notes due 2026 and revolver borrowings.
- Notes issued at 99.718%, 99.776%, 99.497% of face value respectively.
- Joint book-runners: J.P. Morgan, BofA Securities, Citigroup, Morgan Stanley, Scotia Capital.