secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN TOWER CORP /MA/ (AMT)
CIK:        0001053507
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001193125-24-062192
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Tower issues $1.3B in senior notes (5.200% 2029, 5.450% 2034) to repay revolver
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- Issued $650M 5.200% senior notes due Feb 2029 and $650M 5.450% senior notes due Feb 2034.
- Net proceeds of ~$1.2813B after commissions; used to repay borrowings under $6B revolving credit facility.
- Interest payable semi-annually on Feb 15 and Aug 15, starting Aug 15, 2024.
- Notes subject to customary covenants, including liens limit of 3.5x Adjusted EBITDA.
- Change-of-control put at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053507/000119312524062192/0001193125-24-062192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053507/000119312524062192/d762865d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-062192

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