AMERICAN TOWER CORP /MA/ (AMT): debt financing — American Tower issues $1.5B senior notes at 5.8% and 5.9% to repay revolver

AMERICAN TOWER CORP /MA/

Issued $750M of 5.800% senior notes due 2028 and $750M of 5.900% senior notes due 2033.
Net proceeds of ~$1.4828B after commissions and expenses.
Proceeds used to repay borrowings under its $6.0B revolving credit facility.
Interest payable semi-annually on May 15 and Nov 15 starting May 2024.
Notes subject to make-whole redemption prior to Oct 15, 2028 and Aug 15, 2033 respectively.

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 $750.0 million aggregate principal amount of its 5.800% senior unsecured notes due 2028 and $750.0 million aggregate pri with U.S. Bank Trust Company, National Association at 5.800% per annum and 5.900% per annum maturing November 15, 2028 and November 15, 2033.

Instrument: senior notes
Principal: $750.0 million aggregate principal amount of its 5.800% senior unsecured notes due 2028 and $750.0 million aggregate pri
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.800% per annum and 5.900% per annum
Maturity: November 15, 2028 and November 15, 2033
Event: incurrence

Exact text from the filing

On September 15, 2023, American Tower Corporation (the “Company”) completed a registered public offering of $750.0 million aggregate principal amount of its 5.800% senior unsecured notes due 2028 (the “2028 notes”) and $750.0 million aggregate principal amount of its 5.900% senior unsecured notes due 2033 (the “2033 notes” and, together with the 2028 notes, the “Notes”), which resulted in aggregate net proceeds to the Company of approximately $1,482.8 million, after deducting commissions and estimated expenses.

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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 0001193125-23-236155

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