AMERICAN TOWER CORP /MA/ (AMT): debt financing — American Tower issues $1.5B in senior notes to repay revolving credit facilities

AMERICAN TOWER CORP /MA/

$700M of 5.500% senior notes due 2028 and $800M of 5.650% senior notes due 2033 issued.
Net proceeds of ~$1.4809B after commissions and expenses.
Proceeds used to repay borrowings under $4.0B and $6.0B revolving credit facilities.
Notes are senior unsecured; interest payable semi-annually starting Sept 15, 2023.
Make-whole redemption prior to Feb 15, 2028 (2028 notes) or Dec 15, 2032 (2033 notes).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMERICAN TOWER CORP /MA/ incurred senior notes of $800.0 million with U.S. Bank Trust Company, National Association at 5.650% per annum maturing March 15, 2033.

Instrument: senior notes
Principal: $800.0 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.650% per annum
Maturity: March 15, 2033
Event: incurrence

Exact text from the filing

$800.0 million aggregate principal amount of its 5.650% senior unsecured notes due 2033 (the "2033 notes"

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMERICAN TOWER CORP /MA/ incurred senior notes of $700.0 million with U.S. Bank Trust Company, National Association at 5.500% per annum maturing March 15, 2028.

Instrument: senior notes
Principal: $700.0 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.500% per annum
Maturity: March 15, 2028
Event: incurrence

Exact text from the filing

completed a registered public offering of $700.0 million aggregate principal amount of its 5.500% senior unsecured notes due 2028 (the "2028 notes")

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN TOWER CORP /MA/ entered into Supplemental Indenture No. 1 with U.S. Bank Trust Company, National Association valued at $700.0 million aggregate principal amount of 5.500% senior unsecured notes due 2028 and $800.0 milli (effective 2023-03-03).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $700.0 million aggregate principal amount of 5.500% senior unsecured notes due 2028 and $800.0 milli
Effective: 2023-03-03

Exact text from the filing

The Company issued the Notes under an indenture dated as of June 1, 2022 (the “Base Indenture”), as supplemented by a supplemental indenture dated as of March 3, 2023 (the “Supplemental Indenture No. 1” and, together with the Base Indenture, the “Indenture”), each between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

AMERICAN TOWER CORP /MA/ filing history →

Source: SEC EDGAR

accession 0001193125-23-060068

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