secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN TOWER CORP /MA/ (AMT)
CIK:        0001053507
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001193125-23-154223
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Tower issues $1.5B of 5.250% and 5.550% senior notes due 2028/2033
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- $650M of 5.250% notes due 2028 and $850M of 5.550% notes due 2033 issued in registered public offering.
- Net proceeds of ~$1.482B to repay existing debt under $6.0B senior unsecured revolving credit facility.
- Notes are senior unsecured; callable at make-whole premium prior to June 15, 2028 (2028 notes) or April 15, 2033 (2033 notes).
- Covenants include a 3.5x Adjusted EBITDA lien limit and a change-of-control put at 101% of principal.
- Interest payable semi-annually on Jan 15 and Jul 15, beginning Jan 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053507/000119312523154223/0001193125-23-154223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053507/000119312523154223/d482735d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-154223

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