debt
confidence high
sentiment neutral
materiality 0.50
American Tower issues €1B in senior notes (3.9% 2030, 4.1% 2034) for refinancing
AMERICAN TOWER CORP /MA/
- Issued €500M 3.900% senior notes due 2030 and €500M 4.100% senior notes due 2034.
- Net proceeds of ~€988.4M ($1.074B) used to repay revolving credit facility and €825M term loan.
- Notes are senior unsecured; interest payable annually starting May 2025.
- Redemption: make-whole prior to Feb 2030/2034; after that at par.
- Change of control trigger: repurchase at 101% plus accrued interest.